Reliance Group Acquires Stake worth Rs 24,713 Crore in Future Group
Reliance Retail Ventures Limited (RRVL) said on August 29 that it is acquiring stake worth Rs 24,713 crores in Future Group Limited. Future Group is home to Big Bazaar, Foodhall, and Brand Factory. RRVL stated that the retail and wholesale undertaking of Future Group is being transferred to Reliance Retail and Fashion Lifestyle Limited (RRFLL), a subsidiary of RRVL. Likewise, the logistics and warehousing undertaking is being transferred as well.