BSE Sensex up over 106 pts, NSE Nifty rises too, Future Group's Kishore Biyani eyed over Spykar

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Foreign investors sold Rs 1.82 bn of stocks, while domestic institutions bought shares worth Rs 246.7 mn. (Reuters) Foreign investors sold Rs 1.82 bn of stocks, while domestic institutions bought shares worth Rs 246.7 mn. (Reuters)
SummarySensex continued its rising streak for the third straight session.

ChrysCapital to raise up to 3.5 billion rupees by selling a minority stake in the company,

* Future Group founder Kishore Biyani has emerged as the surprise front runner to snap up homegrown denim brand Spykar, after Avigo Capital, which has majority stake, put it on the block last year, said people familiar with the matter.

* Proxy voting advisory firm InGovern has recommended the shareholders of Pantaloon Retail India Ltd to vote against the resolution to split Future Ventures India Ltd and its subsidiaries into Future Lifestyle Fashion.

PROPERTY

* Property fund IL&FS Milestone Realty Advisors is in talks with global funds Blackstone Group, Morgan Stanley , and GIC to sell its entire stake in a Mumbai commercial project for about 10 billion rupees, The Economic Times reported citing two persons familiar with the development.

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