India Dealbook: Blackstone picks Future Lifestyle stake; Amazon eyes Reliance Retail

India Dealbook: Blackstone picks Future Lifestyle stake; Amazon eyes Reliance Retail

Photo: Bloomberg

In the latest M&A transactions, Blackstone has acquired a 6 per cent stake in Kishore Biyani-led Future Lifestyle while Amazon is in initial discussions to acquire up to 26 per cent stake in Reliance Retail.

Blackstone acquires 6% in Future Lifestyle

Global private equity major Blackstone has acquired about a 6 per cent stake in Future Lifestyle Fashion Ltd (FLFL), part of Kishore Biyani-led Future Group, for about Rs 545 crore (about $79 million).

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter