• About us
    • Data Analyst Team
    • Magazines Sections
    • Editorial Team
  • Advertise with us!
  • Business review
  • Guest writers
    • Guest Contribution
  • Subscription
  • Career
  • Contact us
Wednesday, May 18, 2022
Business Connect | Best Business magazine In India
Upcoming Event
  • News
    • All
    • Blog
    Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

    Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

    SRH to face do or die situation in today’s match with MI: Playing11, key stats, more

    SRH to face do or die situation in today’s match with MI: Playing11, key stats, more

    Tata IPL 2022, RCB vs PBKS: Playing11, head to head, prediction, and more

    Tata IPL 2022, RCB vs PBKS: Playing11, head to head, prediction, and more

    Tata IPL 2022, CSK vs MI: Playing11, head to head, prediction, and more

    Tata IPL 2022, CSK vs MI: Playing11, head to head, prediction, and more

    Tata IPL 2022, RR vs DC: Playing11, pitch report, prediction, and more

    Tata IPL 2022, RR vs DC: Playing11, pitch report, prediction, and more

    Tata IPL 2022, LSG vs GT: Playing11, pitch report, prediction, and more

    Tata IPL 2022, LSG vs GT: Playing11, pitch report, prediction, and more

    Tata IPL 2022, MI vs KKR: Playing11, head-to-head, prediction, and more

    Mother’s Day 2022: Best gift ideas under INR 10,000

    Mother’s Day 2022: Best gift ideas under INR 10,000

    IPL 2022 double-header (PBKS vs RR and LSG vs KKR): Playing11, prediction, key stats, more

    IPL 2022 double-header (PBKS vs RR and LSG vs KKR): Playing11, prediction, key stats, more

  • Magazine
    • 2022-21 Magazines
  • Lounge Interviews
  • Press Release
    • PR Enquiry
  • Blogs
  • Success Stories
  • Testimonials
  • Interior Design
  • Launchpad
  • BCM TV
No Result
View All Result
  • News
    • All
    • Blog
    Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

    Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

    SRH to face do or die situation in today’s match with MI: Playing11, key stats, more

    SRH to face do or die situation in today’s match with MI: Playing11, key stats, more

    Tata IPL 2022, RCB vs PBKS: Playing11, head to head, prediction, and more

    Tata IPL 2022, RCB vs PBKS: Playing11, head to head, prediction, and more

    Tata IPL 2022, CSK vs MI: Playing11, head to head, prediction, and more

    Tata IPL 2022, CSK vs MI: Playing11, head to head, prediction, and more

    Tata IPL 2022, RR vs DC: Playing11, pitch report, prediction, and more

    Tata IPL 2022, RR vs DC: Playing11, pitch report, prediction, and more

    Tata IPL 2022, LSG vs GT: Playing11, pitch report, prediction, and more

    Tata IPL 2022, LSG vs GT: Playing11, pitch report, prediction, and more

    Tata IPL 2022, MI vs KKR: Playing11, head-to-head, prediction, and more

    Mother’s Day 2022: Best gift ideas under INR 10,000

    Mother’s Day 2022: Best gift ideas under INR 10,000

    IPL 2022 double-header (PBKS vs RR and LSG vs KKR): Playing11, prediction, key stats, more

    IPL 2022 double-header (PBKS vs RR and LSG vs KKR): Playing11, prediction, key stats, more

  • Magazine
    • 2022-21 Magazines
  • Lounge Interviews
  • Press Release
    • PR Enquiry
  • Blogs
  • Success Stories
  • Testimonials
  • Interior Design
  • Launchpad
  • BCM TV
No Result
View All Result
Business Connect | Best Business magazine In India
No Result
View All Result
Home News

Reliance Doubles the Footprint of its Retail Business, Announces the Acquisition of Future Group

admin by admin
September 4, 2020
in News
838 54
0
Reliance Doubles the Footprint of its Retail Business, Announces the Acquisition of Future Group - Business Connect

Reliance Doubles the Footprint of its Retail Business, Announces the Acquisition of Future Group - Business Connect

134
SHARES
892
VIEWS
Share on FacebookShare on Twitter

Reliance Doubles the Footprint of its Retail Business, Announces the Acquisition of Future Group

 

  • The acquisition of debt-strapped future group will nearly dual the footprint of its retail business.
  • The oil-to-telecom firm announces the acquisition of future retail.
  • The deal involves a merge of five units of the future group in future enterprises ltd.

The Reliance Industries Ltd has announced the acquisition of ‘Crown Jewel’ – future group businesses for Rs 24,713 crore, additional to its fast-expanding retail business and bolster e-commerce to take up on the competition. The takeover of reliance even includes the wholesale, logistics, and warehousing business of the future group.

Mukesh Ambani’s Reliance Retail Venture (RRVL) will be holding a 13.14% stake in Kishore Biyani’s Future Enterprises Ltd and will be taking over the debt of 12,500 crores.

With over an amount of 15,000 Crore in debt, the Kishore Biyani-founded Future Group and it has been seeking funding support for several months. The future retail operates 1550 stores and these flagship brands include BigBazaar, FBB and Food hall, Easy day, Heritage Fresh, and WHSmith. The future lifestyle fashion functions in 354 stores. The RIL-Future Group will add over 1,700 retail stores to Reliance’s footprints of 10,900 stores across groceries, electronics, and other forms.

The deal brings up potential collaborations from the increased geographic presence, refining sourcing efficiencies, and cost rationalization. HSBC said the acquisition indicates a clean acquisition of future retail, it will acquire a 13.1% shareholding in the remaining of FEL.

The deal allows reliance retail to almost dual its retail area under operation and increases the store count by 15%.

Reliance retail is now in a challenging position to take on Amazon or Flipkart, with this retail happening now, the action could be seen in D-Mart and Spencer stocks.

The deal will benefit Future Group and RIL’s shareholders by the future group going off and minority shareholders will be benefited strong profitability.

“The acquisition of the retail, wholesale, and supply chain business of the Future Group complements and makes a strong strategic fit into Reliance’s retail business. This will help Reliance retail to accelerate providing support to millions of small merchants in increasing their competitiveness and enhance their income during these challenging times,” said Reliance Retail Ventures Ltd in its official statement.

 

Previous Post

Japan Extends 50 Billion Yen Loan in India for COVID-19 Prevention Facilities

Next Post

RISEOO – YOUR CHOICEABLE BRAND FOR A SKYROCKETING GROWTH

Related Posts

Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more
News

Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

by admin
May 18, 2022
0

Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more By Sanjay Maurya Match Details Kolkata...

SRH to face do or die situation in today’s match with MI: Playing11, key stats, more
News

SRH to face do or die situation in today’s match with MI: Playing11, key stats, more

by admin
May 17, 2022
0

SRH to face do or die situation in today’s match with MI: Playing11, key stats, more By Sanjay Maurya Match...

Tata IPL 2022, RCB vs PBKS: Playing11, head to head, prediction, and more

Tata IPL 2022, RCB vs PBKS: Playing11, head to head, prediction, and more

May 13, 2022
Tata IPL 2022, CSK vs MI: Playing11, head to head, prediction, and more

Tata IPL 2022, CSK vs MI: Playing11, head to head, prediction, and more

May 12, 2022
Tata IPL 2022, RR vs DC: Playing11, pitch report, prediction, and more

Tata IPL 2022, RR vs DC: Playing11, pitch report, prediction, and more

May 11, 2022
Tata IPL 2022, LSG vs GT: Playing11, pitch report, prediction, and more

Tata IPL 2022, LSG vs GT: Playing11, pitch report, prediction, and more

May 11, 2022
Next Post
RISEOO - YOUR CHOICEABLE BRAND FOR A SKYROCKETING GROWTH - Business Connect

RISEOO - YOUR CHOICEABLE BRAND FOR A SKYROCKETING GROWTH

Leave a Reply Cancel reply

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

  • Trending
  • Comments
  • Latest
Upcoming Indian Web Series for 2022-23

Upcoming Indian Web Series for 2022-23

February 15, 2022
Top 10 Richest Actors in India 2021

Meet Top 10 Richest Actors in India 2022

January 18, 2022
The 10 most popular tiktok stars in the world

10 most popular Tiktok stars in the world

March 7, 2022
Top 10 singers in India 2021

Top 10 singers in India – 2021

June 14, 2021

Keyur Shah: The Founder of Hrishee Strategic Advisors | Business Connect Magazine

0
Press Release-NASSCOM CoE (IoT) to co-organize “THE AEONIAN 2018” (1)

NASSCOM CoE (IoT)to co-organize “THE AEONIAN 2018”

0

MCaffeine, India’s first caffeinated personal care brand

0
Life Partners turned Business Partners to build Startups

Life Partners turned Business Partners to build Startups

0
Top 10 Mileage Bikes in India

Top 10 Mileage Bikes in India

May 18, 2022
Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

May 18, 2022
SRH to face do or die situation in today’s match with MI: Playing11, key stats, more

SRH to face do or die situation in today’s match with MI: Playing11, key stats, more

May 17, 2022
Sysotel 

Sysotel

May 17, 2022

Recent News

Top 10 Mileage Bikes in India

Top 10 Mileage Bikes in India

May 18, 2022
Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

May 18, 2022
SRH to face do or die situation in today’s match with MI: Playing11, key stats, more

SRH to face do or die situation in today’s match with MI: Playing11, key stats, more

May 17, 2022
Sysotel 

Sysotel

May 17, 2022

Recommended

CAPITALIST YARD INDIA PVT LTD. | Business Connect

Capitalist Yard India Pvt Ltd

March 17, 2020
Indignant Farmers are more Scared of Discrimination & Loss of Livelihood than Covid Pandemic

Indignant Farmers are more Scared of Discrimination & Loss of Livelihood than Covid Pandemic

November 30, 2020

Most Popular

Top 10 Mileage Bikes in India
Blog

Top 10 Mileage Bikes in India

May 18, 2022
Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more
News

Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

May 18, 2022
SRH to face do or die situation in today’s match with MI: Playing11, key stats, more
News

SRH to face do or die situation in today’s match with MI: Playing11, key stats, more

May 17, 2022

Business Connect is a business magazine whose name is derived from Business Community which connects entrepreneurs, executive officers and VCs. With a mission to have one of the highest readership figures of senior-level executives and investors in India, Business Connect brings its edition on monthly basis.

Follow Us

Contact Information

Address: 804, DDA 2, District Centre, Janakpuri West, New Delhi-110058

Phone Number: +91-11-41065208, 42636209

Mail: abhishek@businessconnectindia.in

Recent News

Top 10 Mileage Bikes in India

Top 10 Mileage Bikes in India

May 18, 2022
Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

Battle for Playoffs: KKR to face LSG; Playing11, pitch report, key stats, and more

May 18, 2022
SRH to face do or die situation in today’s match with MI: Playing11, key stats, more

SRH to face do or die situation in today’s match with MI: Playing11, key stats, more

May 17, 2022

Request a call back

  • About us
  • Why us
  • Healthcare
  • Guest writers
  • Career
  • Contact us

© 2020 All Rights Reserved by Business Connect India

No Result
View All Result
  • News
  • Magazine
    • 2022-21 Magazines
  • Lounge Interviews
  • Press Release
    • PR Enquiry
  • Blogs
  • Success Stories
  • Testimonials
  • Interior Design
  • Launchpad
  • BCM TV

© 2020 All Rights Reserved by Business Connect India

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Quick Call with Us

Our team will facilitate you with a call and we will understand your needs.

No thanks, I’m not interested!