Can we expect a final word on the Future Group / RIL deal this week end?
Answer
Answer
Future Enterprises board will meet on Saturday to approve the deal with Reliance Retail. Once the deal is through, RIL will acquire Big Bazaar, Fashion at Big Bazaar, Easy Day and Brand Factory. The deal includes retail, logistics, and warehousing assets.
The deal is estimated to be worth Rs.27,000 crore and that will include the assumption of a major chunk of Future group debt by RIL. Reliance Retail also expands its foothold with additional 1800 stores in its kitty across segments.