Gammon India has initiated talks to sell its listed arm Gammon Infrastructure Projects. The transaction could fetch Gammon anything between Rs 1000 crore and Rs 1,200 crore which it plans to use to trim debt. ive for the Company
Future Consumer Enterprise Limited has bought supermarket chain Nilgiris for an estimated sumof Rs. 300 crore. The acquistion will help the Future Group create a stronger retail network in the southern states.