InvestorQ : What is the latest status of the proposed deal between Reliance Group and Biyani’s Future Group?
Rashi Mehra made post

What is the latest status of the proposed deal between Reliance Group and Biyani’s Future Group?

Answer
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Archita Jajjoo answered.
2 months ago


The deal between Reliance and Future group could happen as early as this week and latest by next week, according to press reports. It is estimated that the overall deal would be worth Rs.30,000 crore. RIL is also expected to take on the debt of Future Group.

While details are awaited, the plan as per reports is that the 5 listed entities across grocery, apparel, supply chain and consumer will be merged into Future Enterprises. The combined entity will hive off all retail properties to the Reliance Group.

There is an important meeting of Future Enterprises that is scheduled and it is expected that the final board approval may happen on that day. This deal will give a leg-up for Reliance Group and also for the Future group in terms of a stronger balance sheet.

For RIL, this deal gives access to the massive retail chain of the Future group as well as its massive database of customers across various touch-points.