Kishore Biyani's Future Group is aiming for Rs 1,000 crore of sales from a five-day shopping event called 'Maha Bachat'
Tie-up will make Big Bazaar the anchor store on the Paytm marketplace
The group would need around Rs 400 crore for the expansion
Grasim had signed an agreement with Future Consumer Enterprise for sale of its consumer products division on a slump sale basis
Company plans to invest Rs 400 crore and port of it will be funded by Black River Asset Management also
Plans aggressive discounting in the first eight days of a month, followed by vouchers, to ensure consistent footfalls
The ecommerce portal is ready and will be launched pan India in three months, Biyani said
The transaction values the company at Rs 1,450 crore; deal to include 14% to be acquired from Future Retail and 26% from SKC 1
The Future Group will soon come-up with an omni-channel strategy
The association will allow Oxigen's retailers to sell the assortment of Big Bazaar Direct through its network to end customers