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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.

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