Reliance Industries Acquires Future Group for Over $3 Million
Reliance Industries Acquires Future Group for Over $3 Million
1 month ago
andnowuknow.com
In a major move, Reliance Industries Limited Subsidiary is Reliance Retail Ventures (RRVL) - focusses on retail such as food, grocery, clothes, electronics, etc. RRVL announced that they have taken over Future Group’s wholesale and warehousing business for ₹24,713 crore. Now Reliance will have full control over 1,800 Future Group stores such as Big Bazaar, FBB, Easyday, Central, Foodhall, etc which are in 420 Indian cities. Till September 2019, Future Group had a total debt (loan) of ₹12,778 cro
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