Home World RIL puts Rs 25,000-cr bet on Future for retail

RIL puts Rs 25,000-cr bet on Future for retail

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Ten days after it bought a majority stake in online pharmacy retailer Netmeds, Reliance Industries Ltd (RIL) on Saturday said it had sealed a deal to acquire the retail business of the financially-stressed Future Group for Rs 24,713 crore. The transaction, which has been in the works for months, will fortify RIL’s retail play in one of the world’s largest economies where it is already the largest player by reach, scale, revenue and profitability.