Reliance Retail Ventures (RRVL), the retail business of Reliance Industries (RIL), has extended the deadline for the proposed acquisition of Future Retail, the retail and wholesale business of Future Group, by six months. RRVL is retail arm of Reliance Industries.

Did RIL buy future retail?

MUMBAI : Reliance Industries Ltd (RIL) has agreed to extend operational support to Future Retail Ltd to prevent its collapse while its ₹24,713-crore deal to buy the cash-strapped retailer's assets awaits approval from a company law tribunal, two people directly aware of the matter said.

Will future retail merge with Reliance Retail?

The agreement to merge the retail and wholesale businesses of Future group into Reliance Retail had been signed in August 2020.