NEW DELHI (Reuters) – Mukesh Ambani-led Reliance Industries <RELI.NS> said on Saturday it has agreed to acquire the retail and wholesale business and the logistics and warehousing business of Future Group in a deal valued at $3.38 billion, including debt.
Like many other store chain owners, Future Group’s business has been hit by a slowing economy and the impact of the coronavirus pandemic.
($1 = 73.1140 Indian rupees)
(Reporting by Sankalp Phartiyal in New Delhi; Editing by Andrew Heavens)
Chasing 5th straight win, Nelly Korda is 2 shots back at Chevron Championship after a first-round 68
Kawhi Leonard fighting ‘stubborn inflammation’ and is questionable for Game 1 of playoffs
Scheffler wiped out from Masters and opens with a 69 at Hilton Head. He trails Poston by 6 shots
GM Mike Dunleavy, Warriors look to regroup after missing the playoffs with Curry, Green, Thompson
Virginia law allows the state’s colleges and universities to directly pay athletes through NIL deals
Soldiers who lost limbs in Gaza war are finding healing on Israel’s amputee soccer team
12 students and teacher killed at Columbine to be remembered at 25th anniversary vigil
Jury selection could be nearing a close in Donald Trump’s hush money trial in New York
Emergency rooms refused to treat pregnant women, leaving one to miscarry in a lobby restroom
Google is combining its Android software and Pixel hardware divisions to more broadly integrate AI
City Council approves zoning changes to legalize casinos in the Big Apple
Cannabis 101: Confused by New York’s marijuana laws? Here’s what you need to know ahead of 4/20Samuel Waxman Cancer Research Foundation brings New York power-brokers together for fundraiserSign of the times: Why vacant storefronts continue to plague NYC
