Future Group on Monday said private equity firm Fung Capital has agreed to invest $30 million in Future Logistics Solutions, its logistics and supply chain unit.
The Future Group includes Pantaloon Retail, India's largest listed retailer, and Future Capital Holding , the group's financial arm.
Fung Capital is the private equity arm of the controlling shareholders of Li & Fung Group, which had annual revenues of $16.7 billion in 2008. (Reuters)