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Future Group in advance talks with RIL to sell stake in retail biz: Report

Future Retail operates 1,500 retail stores that cover over 16 million square feet of retail space in 400 cities

Future Retail

On the other hand, Reliance Retail operates a network of 11,784 stores covering 28.7 million square feet and reported a revenue of Rs 38,211 crore in the January-March quarter

Press Trust of India New Delhi
The Future Group is in advance talks with Mukesh Ambani's Reliance Industries to sell stakes in Future Retail and some other units, according to industry sources.

The Kishore Biyani-led group, which already has a partnership with e-commerce giant Amazon, and Reliance Industries Ltd (RIL) had initiated talks in this regard some times back, they said.

"Talks are going on but nothing has been finalised so far," a person privy to the development said.  Earlier, the Future Group was also exploring stake sale

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First Published: Jun 18 2020 | 9:09 PM IST

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