A subsidiary of Reliance Industries Ltd. (RIL), Reliance Retail Ventures Ltd. has acquired Future Group’s retail, wholesale, logistics and warehousing businesses for a record Rs. 24,713 crore or US $ 3.37 billion.
Reliance, already the country’s largest retailer, is looking at a significant increase in size with the acquisition of around 1,700 stores across FBB, Big Bazaar, Central and others in 420 cities in India.
Future Enterprises Ltd. is a combination of Future Retail Ltd. and Future Lifestyle Fashions Ltd. with a portfolio spanning apparel, general merchandise and its own FMCG brands.
This acquisition will strengthen Reliance’s foothold in retail.
However, the deal also had positive ramifications for Future Group as the announcement over the weekend led to a surge in the bond market.
Dollar notes sold by Future Retail Ltd. rose 16 cents to 89.1 cents on the dollar, which shows the biggest jump since issuance in January.
Additionally, through the deal, Mukesh Ambani-led Reliance will take over a debt of Rs. 12,500 crore, while holding a 13.14 per cent stake in Future Enterprises Ltd.
Speaking on the deal, Isha Ambani, Director of Reliance Retail, commented “We hope to continue the momentum of growth of the Indian retail industry with our unique model of active collaboration with small merchants and kiranas as well as large consumer brands. We are committed to providing value to our consumers across platforms.”
Bharat Tex Special Report 2026 
