RELIANCE RETAIL TO ACQUIRE FUTURE GROUP’S UNITS

HIGHLIGHTS

• Reliance Retail is going to acquire Future Group’s units for $3.4 billion.
• Future Group is the second largest bricks-and-mortar retailer in India.

Reliance Retail, the largest retail chain in India is set to acquire Future Group, the second largest bricks-and-mortar retailer in India. After the takeover formalities are complete, Reliance Retail will be owning Futu....