Ril Extends Deadline By 6 Months To Complete Rs 24,713 Cr Deal With Future Group

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Ril Extends Deadline By 6 Months To Complete Rs 24,713 Cr Deal With Future Group
02 Oct 2021
3 min read

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News Synopsis

The long-delayed completion date for Reliance Industries' 24.713 crore contract with Future Group has been extended by 6 months, until March 32 of next year. RRVL stated last year that it had acquired Future Group's retail operations in the fashion, lifestyle, and grocery divisions in exchange for some of the most well-known retail brands. Future Group was selling a substantial piece of its retail operation to Reliance without their authorization. Amazon invested in Future Coupons, which is a shareholder in Future Retail Ltd. In October, the Emergency Arbitrator delivered an interim award in favor of the US e-commerce behemoth.

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