RIL's retail arm to acquire Future Group's key businesses for ₹24,713 crore6 min read 29 Aug 2020, 09:19 PM IST
On 11 June, Mint first reported that Reliance Retail is in advanced discussions to acquire these businesses from debt-laden Future Group
The all cash deal has been carried out on a slump sale basis, said a media statement by RIL
MUMBAI : Reliance Retail Ventures Ltd. (RRVL) will acquire Future Group’s retail, wholesale, logistics and warehousing businesses for ₹24,713 crore, the Reliance Industries subsidiary said in a release. The much-awaited deal between RIL and Future Group got its go-ahead on Saturday following a board meeting of Future Enterprises Ltd (FEL).
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