PremjiInvest buys 3.26% stake in Future Lifestyle for ?196cr
PremjiInvest, the investment arm of Wipro Chairman Azim Premji, on Monday bought 3.26% stake in Kishore Biyani's Future Lifestyle Fashions for nearly ?196 crore. Future Lifestyle Fashions runs fashion labels such as Indigo Nation, Scullers, and Mother Earth. The shares were sold by Bennett Coleman & Company and India Opportunities Growth Fund - Pinewood Strategy. 
New Delhi, Jul 17 (PTI) PremjiInvest, the investment arm of Wipro Chairman Azim Premji, today bought 3.26 per cent stake in Kishore Biyanis Future Lifestyle Fashions Ltd (FLFL) for nearly Rs 196 crore through open market transactions. As per the block deal data available with NSE, PI Opportunities Fund 1, part of PremjiInvest, today purchased 62 lakh shares, or 3.26 per cent stake, in FLFL. The shares were acquired at an average price of Rs 316 apiece, valuing the transaction at Rs 195.92 crore, according to the data. 