Reliance Backs Out Of Future Deal; Biyani Left With Bleak Prospects
April 24, 2022 18:02Reliance Industries Ltd (RIL) has pulled out of its Rs24,713 crore-deal with Kishore Biyani’s Future Group to acquire its retail business. The Reliance-Future deal turned controversial and spawned a vicious legal battle. The sale to Reliance was a key reason why Amazon aggressively blocked the sale. The Jeff Bezos-owned retail giant had embedded rights in […]
