Bharti Retail which is a subsidiary of the Bharti Airtel and Kishore Biyani led Future Group are possibly going in for a tie up, which is going to be the largest recent tie up in the retail sector. Developments and talks towards this merge have been going on for the past 2 months.
A multi-structured deal which has been based on share swap between the two partners has been planned, after which Future Group will become the majority partner.The Mittals of the Bharti group are expected to receive minority stakes in the combined entity or in the Kishore Biyani-promoted Future Group.
Bharati ended its long joint venture with the US based Walmart in October 2013 and now the tie up with Future Group will help to make its stand more firm in the Retail sector of the Market.