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

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.

Advertisement
Get breaking news and latest updates from India
and around the world on thefederal.com
FOLLOW US: