Future to sell 25% stake in Generali JV for Rs 1,250 cr

The stake sale will bring Generali’s total shareholding in the JV to around 74 per cent

Reliance to acquire Future Group's retail business for Rs 24,713 crore

Reliance’s retail operation runs close to 12,000 stores, including a cash-and-carry wholesale business, in over 6,700 towns and cities

Reliance’s existing retail operation already runs close to 12,000 stores in over 6,700 Indian towns and cities

The group has already invested around Rs 80 crore to set up a processing and packaging unit in Karnataka.

Pay package would be in range of Rs 21, 570 to Rs 48,550 per month based on profile of candidate.

Future Group was also planning a second Central store at the famous Metro cinema building in Kolkata.

The company said its board has given in-principle approval for considering various divestment options.

Future Retail operates 538 Easy Day and Heritage Fresh neighbourhood stores, at present.