Mumbai: Future Group’s lenders have been spared a $ 2.2 billion impact on their conglomerate exposure after the company announced the sale of all of its businesses to Reliance Industries (RIL) for ₹24,713 crore on Saturday. Publish the agreement Reliance Retail Ventures (RRVL) of Mukesh Ambani will have a 13.14% …
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Kishore Biyani, popularly known as KB among his peers and regarded as the pioneer of modern retail in India bringing convenience shopping to the masses, is finally bowing to the winds of change blowing through the sector, giving control of what it nurtured for more than three decades. to Reliance …
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Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Ltd, owned by Mukesh Ambani, announced today that it is acquiring all of Future Group’s retail, wholesale, logistics and warehousing businesses as a going concern basis for full consideration. from Rs. 24,713 crore. While the long-awaited acquisition means the departure …
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Reliance Retail Ventures is part of billionaire Mukesh Ambani’s Reliance Industries Reliance Industries, led by billionaire Mukesh Ambani, announced on Saturday the acquisition of Future Group’s retail, wholesale, logistics and warehousing businesses for Rs 24,713 crore through its subsidiary, Reliance Retail Ventures. The deal is part of the scheme in …
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The bulls continued to dominate the markets on Friday, thanks to a healthy buying on the financial counters. The S&P BSE Sensex won for the sixth consecutive session to settle at 39,467 levels, an increase of 354 points or 0.9 percent. NSE’s Nifty finished 11,648.88 points or 0.76 percent higher. …
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