Reliance Retail acquired Future Group for Rs 24,713 crore, saved thousands of jobs

New Delhi: Reliance Industries on Saturday announced the acquisition of the retail, wholesale, logistics and warehousing businesses of Future Group for Rs 24,713 crore.

Reliance Retail has given its life-long debt and future group on the verge of bankruptcy. Thousands of people work in the Future Group and thousands are also connected with the supply chain. The possibility of a lock on the company in the event of non-repayment of debts was getting deeper. Let there be 295 stores of Big Bazaar in the whole country. Thousands of people work in it. After this deal, everyone's job is safe.

Future Group had a debt of over 12 thousand crores. After being sold to Reliance, she became debt free and saved the jobs of thousands of jobs.