Reliance acquires Future Group’s retail business for ₹24,713 cr | Editorji
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Reliance acquires Future Group’s retail business for ₹24,713 cr

Aug 29, 2020 22:49 IST

Mukesh Ambani’s Reliance Retail Ventures Ltd or RRVL has acquired Future Group’s retail and wholesale business, and logistics and warehousing business for ₹24,713 crore. The Ambani group said the acquisition is as a going concern on a slump sale basis. As part of the deal, the retail and wholesale undertaking businesses are being transferred to Reliance Retail and Fashion Lifestyle Limited, which is a wholly-owned subsidiary of RRVL. Reliance said this This deal will help Reliance retail to accelerate providing support to millions of small merchants in increasing their competitiveness and enhance their income during these challenging times.  

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