Big Bazaar owner Future Retail buys HyperCity for â¹655 crore
Kishore Biyani-led Future Retail, that runs Big Bazaar brand of stores, on Thursday announced â¹655-crore acquisition of HyperCity Retail owned by Shoppers Stop. HyperCity is a premium hypermarket chain that owns 19 stores mostly in large metros. Future Retail will allot shares worth â¹500 crore on preferential basis and the remaining â¹155 crore will be paid in cash.