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Kishore Biyani-led Future Group has no plans to slow down its ambitions for retail business despite talks with Amazon for a possible investment into the firm going into cold storage. On Monday, Future Retail announced that its board of directors had approved issue of non-convertible debentures for Rs 750 crore, coming at a time when the company posted a 13 per cent year on year increase in net sales and 10 per cent growth in net profit for the quarter ended December 2018.
The company also said it was issuing warrants to promoters for shares of Rs 2,000 crore, taking
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