Lightspeed is the second PE fund approached by Metro AG, apart from Samara Capital, say sources
Exact stake size not revealed, sources put the number at 70%
The Mumbai-based company is looking to invest in businesses ranging from retail and health care to technology and finance.
Independent directors of Future Retail have turned down Amazon's offer of financial support to the company through a deal with private equity firm Samara Capital
FRL had set conditions to accept Amazon's proposal in a letter sent to the US e-commerce firm dated January 21
Witzig has allotted a total of 193 million equity shares to the investors to raise this capital at a premium of Rs 4.28 per share and paid-up capital of Rs 10 per share
Future Supply Chain Solutions (FSC) is a third-party supply chain and logistics service provider that offers warehousing facilities also.
To use these to buy more firms in each such segment
Samara was recently in news for talks to acquire Aditya Birla Retail
The India-focused private equity fund invests in small and mid-size private companies, with an investment range of $15 to $100 million