RIL PLANNING TO ACQUIRE FUTURE GROUP’S RETAIL BIZ FOR RS 27,000 CRORE

Highlights

• According to the reports, five listed entities that will be merged into Future Enterprises Ltd (FEL) are Future Retail Ltd, Future Consumer, Future Lifestyle Fashions, Future Supply Chain and Future Market Networks

• Reliance Industries Limited will be a...

RELIANCE ALL SET TO TAKE OVER KISHORE BIYANI'S FUTURE GROUP

Highlights

• RIL wants to complete this deal before its AGM on July 15

• Jeff Bezos' Amazon intended to acquire Kishore Biyani led Future Group, but RIL offered thorough solution to the company’s debt issues

• Future Group's Future Retail...