Reliance Retail buys Future Group's businesses for ₹24,713 crore4 min read . Updated: 29 Aug 2020, 09:53 PM IST
- Reliance Retail will now have access to close to 1,800 stores across Future Group's Big Bazaar, FBB, Easyday, Central, Foodhall formats, which are spread in over 420 cities in India
- The deal draws the battle lines between Ambani and Amazon, as well as Walmart
New Delhi: In yet another blockbuster deal, Mukesh Ambani's Reliance Industries Ltd on Saturday announced the acquisition of businesses of Kishore Biyani's Future Group for ₹24,713 crore to add to its fast expanding retail business and bolster e-commerce to take on the competition from Jeff Bezos' Amazon.
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