Podcast: How significant is Reliance Retail’s acquisition of Future Group?

In a letter addressed to the Future Group employees, Kishore Biyani (right) alleged that Amazon is running a concerted and coordinated media campaign and leaking misleading information

Billionaire Mukesh Ambani’s Reliance Industries on Saturday (August 29) announced the acquisition of Future Group for ₹24,713 crore to bolster its fast-growing retail business. The investment from Reliance is expected to help Future Group founder Kishore Biyani pare debt. Biyani had said the investment would help Future Group achieve a holistic solution to the challenges that have been caused by the COVID-19 pandemic and the macroeconomic environment. The Federal discusses the significance of the acquisition with fund manager Senthilnathan and business journalist Krishna Gopalan.