SSG buys 40% stake in India's Future Supply Chain
Special situations investor SSG Capital Management Group will pay up to INR5.8 billion ($87 million) for a 40% stake in Future Supply Chain (FSC), a supply chain and logistics subsidiary of India's Future Retail.
The firm will acquire a 14% stake held by Future Retail and the management team, along with a 26% interest held by Fung Capital, the private equity arm of Hong Kong-based supply chain giant Li & Fung Group,...
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