MUMBAI -- Future Group, India's storied but debt-laden retail and consumer goods conglomerate, is in talks with Amazon.com, Reliance Industries and other potential investors over a stake sale that could bring in $1 billion to $2 billion, the Nikkei Asian Review has learned.
Future Group, led by billionaire founder Kishore Biyani, is also negotiating the sale of shares with private equity companies Premji Invest and Samara Capital. Elements of the deal will differ for each investor, a source familiar with the talks told Nikkei, requesting anonymity.
