InvestorQ : How soon do you expect the Reliance Future deal to happen and what happens to Future group from here on?
NISHA Nayak made post

How soon do you expect the Reliance Future deal to happen and what happens to Future group from here on?

Answer
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3 months ago


Reliance is not be the only suitor for Future Group but it could bring multiple benefits as RIL is also interested in other group companies of the Future group. Also, RIL is known for its speed in executing such deals as we saw in Jio monetization. If RIL is really serious about this deal, it should not take too long for the deal to see the light of day.

Back in 2007, Kishor Biyani fancied him much like the next Sam Walton of India. His book, it happened in India, became an instant bestseller. However, the current outcome may not be what Biyani had bargained. Biyani may be disappointed by the turn of events. It may not be what Biyani had bargained for but it is could be the best deal under the circumstances.

Looking back, where Kishor Biyani went wrong was in overestimating the potential of integrated shopping centres at a time when the trend was shifting the world over. He just spent too much time and capital on the mall model. People like Radhakishan Damani read the trend better. For now, the RIL buyout could be the best deal for the Future Group!