Future Ventures India, the venture capital arm of Kishore Biyani-owned Future Group—owners of retail brands Big Bazaar and Pantaloon—, is close to acquiring a substantial stake in Kolkata-based apparel maker Turtle . Sources said a deal is expected shortly. A senior executive at Future Ventures confirmed that the due diligence was on. “Turtle is an exciting company and Future Ventures is in an advanced stage of discussion with them. However, it will be difficult to reveal the exact size of the deal,” he said. Turtle director Amit Ladsaria also confirmed that a deal was in the offing, but declined to comment on the plan. “The deal hasn’t been completed yet. We’ll be in a position to comment once that is done.” […]