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By
Reuters
Published
Jul 20, 2009
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India Future Group gets $30 mln from private equity

By
Reuters
Published
Jul 20, 2009

MUMBAI, July 20 (Reuters) - India's Future Group on Monday 20 July said private equity firm Fung Capital has agreed to invest $30 million in Future Logistics Solutions, its logistics and supply chain unit.


Pantaloon Retailing

The Future Group includes Pantaloon Retail (PART.BO), India's largest listed retailer, and Future Capital Holding (FCHL.BO), the group's financial arm.

Fung Capital is the private equity arm of the controlling shareholders of Li & Fung Group, (0494.HK), which had annual revenues of $16.7 billion in 2008. (Reporting by Janaki Krishnan)

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