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Reliance-Future Deal: How Ambani’s Dominance Changes India’s Retail Landscape
Asia’s richest man is on track increase his dominance of India’s $89-billion organised retail market.
01 Sep 2020, 08:18 PM IST
Asia’s richest man is on track increase his dominance of India’s $89-billion organised retail market, securing more than a quarter of the sales.Mukesh Ambani’s Reliance Retail Ltd. will take over the retail assets of Future Group, founded by India’s big-box retail pioneer Kishore Biyani for $3.74 billion (Rs 27,513 crore). That will add hypermarkets and supermarkets in India’s large cities to the portfolio of India’s largest retailer...
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