Mukesh Ambani pushes ahead with ambition to dominate India’s retail sector
30 August 2020 - 22:45
New Delhi — Reliance Industries said it will acquire the retail, wholesale, logistics and warehousing units of India’s Future Group for 247.1-billion rupees ($3.4bn), in a transaction that will propel Mukesh Ambani’s ambitions to dominate India’s retail sector.
Future Group will merge some of its units into Future Enterprises, Reliance Retail Ventures said in a statement on Saturday...
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