Reliance Industries to acquire stake in Future Group: Report
1st Jul 2020

Reliance Industries is reportedly planning to acquire retail businesses of Kishore Biyani’s Future Group. The deal will involve at least three companies promoted by Biyani-Future Retail, Future Lifestyle Fashions and Future Supply Chain Solutions - would be merged, and the complete business will then be taken over by the company.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.