Reliance Industries Offers Operational Support To Future Retail

Mukesh Ambani-owned Reliance Industries has offered operational support to save the Future Retail Limited from collapse. However, the Rs 24,713-crore deal to buy the retailer’s assets is yet to be decided by the national company law tribunal. Reportedly, Reliance has extended the deadline for completion of the purchase by six months given the legal battle between Future Group and Amazon. Meanwhile, to ease burden, Future has transferred lease agreements of some stores to Reliance.