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Business deals

Amazon and Reliance eye stake in India retail pioneer Future Group

Deal aimed at raising up to $2bn to cut store operator's debt

Future Group serves millions of customers through over 1,500 stores including flagship Big Bazaar supermarkets in more than 400 cities in India.   © Reuters

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.

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