Reliance Retail buys Future Group's businesses for ₹24,713 crore4 min read 29 Aug 2020, 08:57 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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