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Reliance Retail extends deadline by 6 months to complete Future buyout

'Reliance Retail Ventures Limited extended the timeline for Long Stop Date from September 30, 2021 to March 31, 2022,' says Future Retail

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Reliance Retail Ventures Limited has extended the date for completion of its deal with Future Group by another six months to March 31, 2022 owing to the protracted legal battle with Amazon. 

"Reliance Retail Ventures Limited (“RRVL”) extended the timeline for Long Stop Date from September 30, 2021 to March 31, 2022, which has been duly acknowledged by Reliance Retail and Fashion Lifestyle Limited, wholly owned subsidiary of RRVL," Future Retail said in a stock exchange filing on Friday.  A long stop date is a date that is agreed upon for all deal conditions to be met and the transaction is