Future Retail said the management had given in-principle approval for the acquisition of the assets, adding it would be done in one or more tranches and after getting an independent valuation report
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The retail arm of the Kishore Biyani-led Future Group will buy the infrastructure assets of Future Enterprises for up to Rs 4,000 crore, it said on Saturday.
The announcement comes at a time when e-commerce giant Amazon is seeking approval of the Competition Commission of India ...
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