Reliance buys out Future Group

[Sandro Linux]

Summary

Reliance is buying Future Group for Rs 24,713 crore or $3.38 billion

Quotes

Quote

Following the deal, Reliance Retail would have access to more than 1,800 stores across the brands that Future Group owns including Big Bazaar, FBB, Easyday, Central, and Foodhall. These stores are spread across 420 cities in India. 

 

My thoughts

This will mean that Reliance will be more powerful in the Indian retail market.

 

Sources

https://www.techradar.com/news/reliance-expands-retail-business-buys-out-future-group-what-it-means

[VanayadGaming]

Who is Reliance? Who is Future Group? Does it involve Tech?

[Sandro Linux]

5 minutes ago, VanayadGaming said:

Who is Reliance? Who is Future Group? Does it involve Tech?

Reliance are a Indian company who own Jio a giant telecom player in India

For more information on Reliance:

https://en.wikipedia.org/wiki/Reliance_Industries

For more information on Jio:

https://en.wikipedia.org/wiki/Jio

[Sandro Linux]

41 minutes ago, huilun02 said:

Overreliance

xd