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Future Retail board approves Hypercity Retail deal

Indiaretailing Bureau -
The board of Future Retail has approved the 'scheme of arrangement' with Shoppers Stop with regard to its Rs 655-crore acquisition of Hypercity Retail in a stock-and-cash deal. According to a PTI report: In the meeting, the board of Future...
Food

Shoppers Stop shareholders approve Hypercity's sale to Future Retail

Indiaretailing Bureau -
K Raheja Corp Group firm Shoppers Stop said its shareholders have approved sale of its subsidiary Hypercity to Kishore Biyani-led Future Retail Ltd (FRL). According to a PTI report: The company has received 99.35 per cent votes in favour on...
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