 "future retail, future group, big bazaar, bazar")
Global financial powerhouse Blackstone Group has sought clarity from the Future Group on the fate of its Rs 1,750-crore investment in Future Lifestyle Fashions and its holding company, Ryka Commercial Ventures (RCVPL), last year.
The US-based private equity firm pumped in Rs 545 crore for picking 6 per cent stake in Future Lifestyle Fashions in July 2019, and spent Rs 1,205 crore in the debt instruments issued by RCVPL.
The Future Group has appointed JM Financial to talk to all its investors, including Blackstone, and make them believe that its transaction with Reliance Retail is in the best interests of
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