Future Retail Ltd (FRL), the retail arm of Kishore Biyani-led Future Group, said it will buy the infrastructure assets of Future Enterprises Ltd for around ₹4,000 crore. The company, which operates retail chains like Big Bazaar, fbb, Foodhall among others, said the acquisition would be either through direct purchase or slump sale or any other other mode as mutually acceptable at fair value to be determined based on independent valuation report and backed by fairness opinion.

(Dealstreet Asia)