Reliance Industries acquired the retail, wholesale, logistics, and warehousing businesses of Future Group, enhancing its presence in the retail sector in India for Rs 24713 crore in 2022.The founder of the business of Future Group, Kishore biyani was faced a severe financial crisis and was not able to continue the business. This financial crisis paved the way for the acquisition. The acquisition happened with the consent of all the stakeholders of Future Group including its shareholders, lenders, suppliers, employees etc. Through this acquisition, reliance retail have access to close to 1800 stores across future groups like, big Bazar, fbb, Easy day etc which are spread over 420 cities in India.This acquisition deal with future group will help the reliance retail to expand it's retail network as well as to create a competitive advantage over Amazon. Not only that, this acquisition will create high demand for reliance retail unlisted shares and will help the reliance retails become a giant in the retail sector in India.
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