‘Future Group may hive off Big Bazaar’

Future Group chief Kishore Biyani is looking to hive off hypermarket chain Big Bazaar and list it to unlock value as part of ambitious restructuring and growth plans to become a Rs 25,000-crore group in four years.

Future Group chief Kishore Biyani is looking to hive off hypermarket chain Big Bazaar and list it to unlock value as part of ambitious restructuring and growth plans to become a Rs 25,000-crore group in four years.

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Future Group is looking at adding 18 million sq feet. Of retail space across various formats by 2013-14 and is looking at various options to raise money for expansion —listing of the value retail chain Big Bazaar being one of them.

‘There are opportunities which we are looking at, including whether one should knock-off Big Bazaar into a separate company and probably look at listing or a follow up offer on that,” Kishore Biyani, CEO, Future Group, said.