How Chandrababu Naidu’s Heritage Foods got singed in all-stock deal to sell retail biz

By Narinder Kapur

  • 09 Dec 2020
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Credit: VCCircle

Heritage Foods Ltd has sold its entire stake in Future Retail Ltd for around half of what it was valued at when the Hyderabad-based dairy products company bought into the Kishore Biyani-led Future Group unit. Heritage Foods, founded by former Andhra Pradesh chief minister N Chandrababu Naidu, sold 1.78 crore shares ......

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