Deadline to bid for India's Future Retail extended following low interest

Deadline to bid for India's Future Retail extended following low interest

The integration will see Future Retail adopt some of the international practices followed at Easyday put in place by Wal-Mart Stores Inc. Photo: Mint

The resolution professional for India’s debt-laden Future Retail Ltd has extended the deadline for potential buyers to submit their bids for the retailer, due to tepid interest, two banking sources said on Friday.

The deadline had ended on Oct. 20 but has been extended to Nov. 3, according to an updated document released by the resolution professional (RP).

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