<article>While Flipkart is in talks to acquire an 8-10 per cent stake in Future Lifestyle, Adani Group is partnering with Doha-based Nebras Power to bid the assets of Equis Energy.</article>

While Flipkart is in talks to acquire an 8-10 per cent stake in Future Lifestyle, Adani Group is partnering with Doha-based Nebras Power to bid the assets of Equis Energy.
<h3>Flipkart in talks to pick up minority stake in Future Lifestyle</h3>
Close on the heels of <a href="http://dealstreetasia.com/tag/amazon" target="_blank" rel="noopener">Amazon</a> picking up a stake in<a href="http://dealstreetasia.com/tag/shoppers-stop" target="_blank" rel="noopener"> Shoppers Stop</a>, rival <a href="http://dealstreetasia.com/tag/flipkart" target="_blank" rel="noopener">Flipkart</a> has reportedly begun discussions to acquire an 8-10 per cent stake in <a href="http://dealstreetasia.com/tag/future-lifestyle" target="_blank" rel="noopener">Future Lifestyle Fashions Ltd</a>, the listed fashion arm of the <a href="http://dealstreetasia.com/tag/future-group" target="_blank" rel="noopener">Future Group</a>.
According to<a href="https://economictimes.indiatimes.com/small-biz/startups/flipkart-talking-with-kishore-biyani-to-buy-8-10-stake-in-future-lifestyle-fashions/articleshow/61124354.cms" target="_blank" rel="noopener"> a report</a> in The Economic Times quoting sources, top management of both companies met last week in Mumbai to discuss a possible deal. The talks are likely to resume in the next few days after Diwali.
Last month, Amazon had announced the acquisition of 5 per cent equity in Shoppers Stop for $27 million.
Future Lifestyle is one of the largest branded apparel retailers in India. It also owns department stores such as Central and Brand Factory and niche formats like Planet Sports.
<h3>Adani partners with Nebras Power to bid for Equis Energy assets</h3>
<a href="http://dealstreetasia.com/tag/adani-group" target="_blank" rel="noopener">Adani Group</a> is keen to acquire the Indian renewable assets of Singapore-based <a href="http://dealstreetasia.com/tag/equis-energy" target="_blank" rel="noopener">Equis Energy</a>, according to <a href="https://economictimes.indiatimes.com/industry/energy/power/adani-teams-up-with-doha-based-nebras-power-to-bid-for-equis-energys-assets/articleshow/61124471.cms" target="_blank" rel="noopener">a report</a> in The Economic Times quoting sources.
As per the sources quoted in the report, Adani is teaming up with Doha-based <a href="http://dealstreetasia.com/tag/nebras" target="_blank" rel="noopener">Nebras Power</a> for the assets of Equis Energy, which has put its entire portfolio valued at about $5 billion up for sale.
Nebras Power is looking to buy Equis&#8217; remaining assets in the Philippines, Japan, Thailand, Indonesia, Australia and Taiwan.
Many global firms have entered into partnerships to bid for Equis&#8217; assets. These alliances include Royal Dutch Shell and Japan&#8217;s Softbank; Orix Corporation in Japan and Dutch pension fund APG; and US-based PE fund I Squared Capital, Thailand&#8217;s Electricity Generation Plc and Japan&#8217;s Mitsubishi, among others.
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<a class="tinymce-colortext" style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/amazon-buys-5-equity-shoppers-stop-rs179-25-crore-82850/" target="_blank" rel="noopener">India: Amazon buys 5% equity in Shoppers Stop for $27m</a>
<a class="tinymce-colortext" style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/equis-said-seek-binding-bids-4-billion-power-assets-80167/" target="_blank" rel="noopener">Singapore’s Equis Energy said to seek binding bids for $4b power assets</a>

While Flipkart is in talks to buy 8-10% stake in Future Lifestyle, Adani Group is partnering with Doha-based Nebras Power for the assets of Equis Energy.

India Digest: Flipkart eyes stake in Future Lifestyle; Adani to bid for Equis Energy assets

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India Digest: Flipkart eyes stake in Future Lifestyle; Adani to bid for Equis Energy assets

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