Mumbai: Kishore Biyani-owned Pantaloon Retail India (PRIL) has transferred 38.6% of its stake in financial services arm Future Capital Holdings (FCH) to its wholly-owned subsidiary Future Value Retail which houses the group's value retail formats Big ...

Pranab Barua, business director, apparel and retail business of the Aditya Birla Group, recently took over as the chief executive officer of Aditya Birla Retail Ltd (ABRL).

The Collective, the multi-brand luxury lifestyle retail concept of Madura Fashion and Lifestyle, a wholly-owned subsidiary of listed Aditya Birla Nuvo, is expanding its footprint.

It lost its flagship brand Pantaloon in a desperate attempt to reduce debt. But the Future Goup is now working to ensure this does not happen with its other retail brands, reports CNBC-TV18's Farah Bookwala.

The stake sale in its subsidiary to Aditya Birla Nuvo, will provide Pantaloon Retail or PRIL more breathing space at a time when the policy on FDI is yet to be approved.