India: AION buys stake in Future Group holding co for $100m

India: AION buys stake in Future Group holding co for $100m

Kishore Biyani. Photo: Devendra Parab/Mint

AION Capital Partners Ltd, an India-focused special situations fund, has signed a deal with retail veteran Kishore Biyani to acquire a minority stake in Ryka Commercial Ventures Pvt. Ltd, the holding company for some Future Group firms, two people aware of the development said.

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