Business Media
  • ECONOMY
  • CORPORATE
  • Gadget
  • MARKETS
  • MONEY
  • Stories
  • Interview
  • TECH
  • Event
  • OPINION
  • Press Release
  • Blog
Business Media
  • ECONOMY
  • CORPORATE
  • Gadget
  • MARKETS
  • MONEY
  • Stories
  • Interview
  • TECH
  • Event
  • OPINION
  • Press Release
  • Blog
No Result
View All Result
Business Media
No Result
View All Result
Home CORPORATE

Reliance Inches Closer To Purchase Future Group

by harsh verma
July 27, 2020
in CORPORATE
0
Reliance Inches Closer To Purchase Future Group
Share on FacebookShare on Twitter

Once again, Reliance Industries is in the news, and this time it is aiming for a significant deal. It is said that Mukesh Ambani is now preparing to buy a stake in Kishore Biyani-led Future Group to strengthen its hold in the retail business. The report is also that the deal between the two companies is in its final phase. It’s noteworthy that Future Retail operates over 1,500 stores in India. It also owns several supermarket brands, including the budget department and grocery chain Big Bazaar.

If this deal gets finalized, Reliance will strengthen its position in the grocery, fashion, and grocery items all over India. The Reliance and Future group deal could merge Future Retail, Future Lifestyle Fashion, and Future Supply Chain Solutions, which will be owned by Mukesh Ambani. Instead, it would be correct to say that Mukesh Ambani is now going to buy Future Group. This deal will increase Mukesh Ambani’s stature and Reliance empowerment in India.

According to the media report, the two companies have signed terms and conditions have done agreements, and soon they can announce their deal. The deal is also exciting because Jeff Bezos’ company, Amazon, has a business partnership with Future Group since 2014. Last year, Amazon bought an indirect stake in Future Retail by investing in a promoter company. Recently Reliance has launched its platform Jio Mart, and now, with the contract, Reliance Industries can make its position in the grocery, fashion, and grocery market. Companies such as Amazon, Blackstone, and Premjinvest have significant shares in Future group that may get shares in RIL.

Mukesh Ambani’s Reliance Industries has been in the news every day during the Corona epidemic period. Within past few months, Reliance has achieved significant investment from global companies and sometimes in the report for setting new records. This new deal by Reliance will definitely help it grow exponentially.

 

Tags: big bazarfuture groupReliance
Share63Tweet40Share16
Previous Post

Apple iPhone 11 Now Being Made Locally in India

Next Post

Role of E-commerce Segment During Lockdown

Related Posts

HDFC Bank
News

HDFC Bank announces highest dividend in last 11 years

April 24, 2022
Vodafone & Idea Are Now ‘Vi’
TECH

Vodafone & Idea Are Now ‘Vi’

September 8, 2020
Next Post
Role of E-commerce Segment During Lockdown

Role of E-commerce Segment During Lockdown

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Popular Post

  • Gulfood

    Benefits of Participating in Gulfood 2022

    181 shares
    Share 72 Tweet 45
  • Microsoft to End Internet Explorer in August 2021

    177 shares
    Share 70 Tweet 44
  • Flipkart Partners With Sastodeal in Nepal To Expand Its E-commerce Segment

    177 shares
    Share 70 Tweet 44
  • What is Elijah Wood Nft’s? Star Got his First Business NFT

    175 shares
    Share 70 Tweet 44
  • StartupEd™ – Incubation Cloud™ Product Announcement

    174 shares
    Share 69 Tweet 43
Business Media

business media Latest Breaking News, business Pictures, business Videos,business magazine and Special Reports from Business. We publish daily business news on our website

Mail : media@businessmedia.in

Phone : +91-9034408083

About Company

  • About Us
  • Terms and Conditions
  • Career

Quick Links

  • Advertise with US
  • Partner With us
  • Contact Us
  • Write with Us
  • Guest Post


Nationa News

  • About Us
  • Contact Us
  • Career
  • Terms and Conditions
  • Disclaimer

© 2020 business Media

No Result
View All Result
  • ECONOMY
  • CORPORATE
  • Gadget
  • MARKETS
  • MONEY
  • Stories
  • Interview
  • TECH
  • Event
  • OPINION
  • Press Release
  • Blog

© 2020 business Media