India Digest: JSW's acquisition of GMR Kamalanga on hold; Future Group seeks buyers for logistics biz

India Digest: JSW's acquisition of GMR Kamalanga on hold; Future Group seeks buyers for logistics biz

India gate, New Delhi, India. Photo: Pixabay

Talks of a proposed acquisition of GMR Kamalanga Energy Ltd by Sajjan Jindal-led JSW Energy has been put on the backburner in the wake of the COVID-19 outbreak. In a separate development, Kishore Biyani-founded Future Group has roped in investment bank Ambit to seek buyers for its logistics business, according to media reports.