Friday, 24 March, 2023

Reliance-Future Group $3.4B deal falls through

<p>Reliance Industries have announced that they are unable to implement their $3.4B takeovers of core parts of retail chain Future Group. The firm released a statement which said that the Future Retail Limited has evaluated their voting results on the scheme by their shareholders, and creditors and as per the results, secured creditors of FRL have voted against the acquisition because of which the scheme of arrangement cannot be implemented.&nbsp;</p>