Business Standard

The Future is in good hands; but will the promoter buyout come later?

Mukesh Ambani, despite being a later starter in the Retail Business, is today the undisputed emperor.

Ambareesh Baliga, independent market expert (Photo: Kamlesh Pednekar)
Web Exclusive Premium

Ambareesh Baliga, independent market expert (Photo: Kamlesh Pednekar)

Ambareesh Baliga Mumbai
The troubled ‘King of Retail’ finally threw in the towel after the debt-ridden group narrowly averted a default as many of its stores had shut recently. The group is being restructured by Mukesh Ambani, who has now become the ‘King of everything he sets his eyes upon’, and bought Future Group for a consideration of around Rs 24,713 crore. Though the restructuring may take a few months to take shape, the control would shift immediately to Reliance Retail.

The restructuring involves the merger of all the listed Future Group entities into Future Enterprises Limited (FEL) at a valuation which gives

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 31 2020 | 9:10 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com