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Reliance Retail Ventures to acquire Future Group’s retail business for Rs 24, 713 crore
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).
The all-cash deal has been carried out on a slump sale basis, said a media statement by RIL.
