MUMBAI: Retail magnate and Future Group founder Kishore Biyani is in talks with e-commerce majors Flipkart and Amazon, among others, to sell a 49% stake in his logistics and warehousing company Future Supply Chain Solutions valued at Rs 2,500 crore, or $400 million, people directly aware of the matter said.
Biyani, who owns a 71% stake, and Hong Kong-listed global supply chain manager Li & Fung will offload shares in a secondary transaction expected to fructify in the next few weeks. Some private equity investors are also keen on the transaction as logistics market is ripe for deal-making riding on the exponential growth in online shopping.
Flipkart and Amazon eye Biyani co - The Times of India
Biyani, who owns a 71% stake, and Hong Kong-listed global supply chain manager Li & Fung will offload shares in a secondary transaction expected to fructify in the next few weeks. Some private equity investors are also keen on the transaction as logistics market is ripe for deal-making riding on the exponential growth in online shopping.
Flipkart and Amazon eye Biyani co - The Times of India
