InvestorQ : When can we expect the deal between RIL and Future Retail to actually fructify?
shrinidhi Rajan made post

When can we expect the deal between RIL and Future Retail to actually fructify?

Answer
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Riya Dwivedi answered.
3 months ago


While there is no official confirmation, it is begin reported that Reliance Industries is close to a deal to acquire stakes in some units of Future Group. Knowing the preference that RIL has for speed in execution, one can be certain that this deal would not take too long to execute. It gives a huge boost to both the groups and shows a lot of synergies.

Future group already has a partnership with Amazon but they may find the Reliance offer a lot more attractive. That is because Reliance is offering to buy into the Future group’s holding company as well as other group companies. That would put RIL at an advantage when Future Group finally decides to zero in on the suitor.

A successful deal will not give greater spread to Reliance Retail but will also give the support of a stronger balance sheet to Future group and help them tide over the debt crisis. RIL is cash rich having sold nearly $15 billion worth of stake in Jio Platforms. If the deal gets through then Future group and RIL can give a run for Wal-Mart and Amazon put together.