MUMBAI: Future Group has launched a formal process, giving the mandate to investment bank Ambit, to seek buyers for the group's stake in its logistics business-- Future Supply Chain Solutions Ltd (FSC)--as founder Kishore Biyani looks to tackle his debt problems, said two aware of the development.
FSC is a third-party supply chain and logistics service provider offering warehousing, distribution and other logistics solutions to a wide range of customers in industries such as retail, fashion and apparel, automotive and engineering, food and beverage, fast-moving consumer goods (FMCG), e-commerce, healthcare, electronics and technology. "They have mandated Ambit and a formal process has been launched to find buyers for the group's stake in