Future Retail admitted in a statement that the Covid-19 pandemic had impacted its business significantly
Interview with Rakesh Biyani, joint managing director of Future Retail
After rebranding HyperCity stores as Big Bazaar Gen NXT, Future would set up FBB (earlier called Fashion at Big Bazaar) inside the stores
The preferential allotment will be made at a premium of Rs 535 per share and the remaining Rs 155 crore will be made upfront in cash