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India’s Ferns N Petals in stake sale talks with US firms

Ferns N Petals (FNP), the Indian flower retail chain, is planning to sell some of its equity to a foreign company.

The privately-held company is in talks with US firms in the same line of business, founder chairman Vikaas Gutgutia told Business Standard. He added it was also scouting for partners in the domestic market (worth INR1,000 crore (INR10 billion, USD204.02 million) annually).

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