Reliance Industries To Acquire Future Group Retail, Logistics, Other Businesses For Rs 24,713 Crore

Reliance Industries said the acquisition of Future Group's retail, wholesale and supply chain businesses makes a strong strategic fit into its retail business. While the logistics and warehousing units of Future Group will be transfered to Reliance Retail Ventures, the retail and wholesale businesses will be part of its wholly-owned arm, Reliance Retail and Fashion Lifestyle. "With this transaction, we are pleased to provide a ho...