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Future acquisition another feather in RIL's cap

With the deal, the retail footprint of Reliance Retail increases by 80 percent. The earnings per unit of the acquired entity leave plenty of scope to increase productivity

August 31, 2020 / 08:30 AM IST
Future acquisition another feather in RIL's cap

After raising capital and ensuring a net debt free balance sheet, Reliance Industries Ltd (RIL) is investing in assets that add to its heft and competitive strength in the retail business. Hard on the heels of acquiring Netmeds, the e-pharmacy business, RIL subsidiary Reliance Retail Ventures (RRVL) is set to acquire the retail and wholesale businesses of the Future group companies. The deal, valued at Rs 24,713 crore on a slump sale basis, also includes the logistics and warehousing business of the Future group. Deal details: ...

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