Took steps to ensure biz continuity: RIL defends takeover of Future stores

Reliance Industries (RIL) wrote to Future Retail (FRL) on March 8 explaining its stance over the takeover of 947 stores in February.

Future Retail had earlier written to RIL over the takeover of its stores, according to three people in the know.

According to a Reuters report, RIL said in its letter to Future Retail that it is, “well and truly beyond what can be expected” to keep Future (Group) “out of harm’s way,” as it took “significant steps” to ensure business continuity at Future and make sure there was "no impediment" to their deal.

The letter also said Future Group’s request for