Actis exits Indian retailer Nilgiri's to Future Group
Actis has exited it stake in India's Nigilri Dairy Farm , the business behind convenience store chain Nilgiri's, to Future Consumer Enterprise (FCEL), a retail unit of Kishore Biyani’s Future Group.
The value of the transaction was not officially disclosed but a number of reports put the deal at INR3 billion ($48.6 million). This means the GP - which acquired a 65% stake in 2006 for INR3 billion (then...
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