KK Rathi, chief executive of Future Ventures, said: "The idea is to invest in businesses that are strategically important for the overall group. We will be looking at acquiring, creating new and growing our existing private brands."
Future Group’s corporate venturing unit is expected to raise R750 crore ($170m) after floating with a price band of R10 to R11 per share by the end of the month.
Enam Securities, JM Financial and Kotak Mahindra Capital are the book-running lead managers to Future Ventures.
KK Rathi, chief executive of Future Ventures, said: "The idea is to invest in businesses that are strategically important for the overall group. We will be looking at acquiring, creating new and growing our existing private brands."
