As of now there is no confirmation from RIL or from Future group. However, it is reported that Reliance will pay Rs.27,000 crore to take a controlling stake in Future Group. Reliance is flush with funds after having monetized 33% stake in Jio Platforms for $20 billion. The five entities of Future group are likely to be merged into Future Enterprises before the deal.

It is a win-win for both. If the deal is through, Reliance adds 12,000 stores across 6700 Indian towns including a robust cash-and-carry business. Future group already owns marquee brands like Big Bazaar, Foodhall and Brand Factory. This becomes a major brick-and-mortar extension for Jio Mart. Future gets out of its debt mess quickly.