India: Future Retail to demerge home retail business

India: Future Retail to demerge home retail business

Future Group chairman Kishore Biyani. Photo: Hemant Mishra/Mint

Shares of Future Retail Ltd hit an all-time high on Thursday after India’s biggest departmental store chain said its board has decided to consolidate its offline and online home retail businesses under a single entity called Praxis Home Retail Pvt. Ltd.

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