SEBI nod to Future Group-Reliance Retail deal

Mumbai (Maharashtra) [India], January 21 (ANI): The Securities and Exchange Board of India (SEBI) has approved the Rs 24, 713 crore deal between Kishore Biyani-led Future Group and Reliance Retail.In August 2020, Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited, announced that it is acquiring the retail and wholesale business and the logistics and warehousing business from the Future Group as going concerns on a slump sale basis for lumpsum aggregate consideration of Rs 24,713 crore, subject to adjustments as set out in the composite scheme of…

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