India: RIL may acquire Future Group’s retail biz for up to $3.6b

India: RIL may acquire Future Group’s retail biz for up to $3.6b

Future Group chairman Kishore Biyani. Photo: Hemant Mishra/Mint

Reliance Industries Ltd (RIL) is close to buying Future Group’s retail assets for 24,000-27,000 crore to bolster its position in India’s retail segment, according to two people familiar with the details of the deal.