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RIL-Future retail acquisition deal

Billionaire Mukesh Ambani,the chairman of Reliance Industries Ltd reportedly is in final stage of acquisition talks with Future Retail led by Kishore Biyani which runs brick and mortar store like Big Bazaar,FBB etc. After the deal RIL will have controlling stake in future retail. This will mark the end of retail journey of Kishore Biyani which started this in India. 

They have approximately 1388 stores in India. After this deal RIL will be the undisputed leader in brick and mortar store sector in India. Future Retail is grappling with cash crunch after it defaulted on a Rs 100-crore ($14-million) repayment on its $500-million foreign currency bonds last week. Promoters have 42% stake in future retail. Let's wait for confirmation from RIL. We will update this article accordingly.
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  1. Mobile prices in Karachi6 February 2024 at 03:58

    This incisive article highlights the possible effects on India's retail industry while providing insight into the rumored takeover discussions between RIL and Future Retail. The story takes on more dimension when Mukesh Ambani's participation and the potential power RIL may have over Future Retail are mentioned. It becomes imperative to monitor RIL's updates as events develop. Get up to date on the newest changes in the retail industry by following market trends and acquisitions on myskshop.
    mobilezmarket.com

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