Thursday, 7 June 2018

PremjiInvest bought 6% stake in Future Retail from Bharati Group

Future Retail is expected to get ~Rs575cr from Bharati, owing to claw-back provision PremjiInvest, the investment arm of Wipro Chairman Azim Premji has bought ~6% stake in Future Retail Ltd from Cedar (Bharati Group) for Rs1,700cr, as per media reports. As on March 31, 2018, Cedar held ~9.2% stake in the company.

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