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Reliance Retail buys Future Group's retail, supply chain and other business for Rs 24,713 cr

Reliance Retail buys Future Group's retail, supply chain and other business for Rs 24,713 cr

Aug 30, 2020, at 03:28 am

Mumbai/IBNS: Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries led by billionaire Mukesh Ambani, Saturday announced that it is acquiring the retail and wholesale as well as logistics and warehousing businesses of the Future Group for Rs 24,713 crore as going concerns on a slump sale basis, according to media reports.