India: Personal debt of Biyani a hurdle before RIL buying Future Group businesses

India: Personal debt of Biyani a hurdle before RIL buying Future Group businesses

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

A large loan of around Rs2,000 crore taken by Future Group-founder Kishore Biyani in his personal capacity is acting as a hurdle before the proposed deal entailing the acquisition of retail and lifestyle businesses of Future Group by Mukesh Ambani-promoted Reliance Industries Ltd.

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