In this video, we have talked about the biggest retail deal that happened in October 2020 in which Reliance acquired Future Group for almost a whopping 26000crores. But this deal was interrupted by Amazon recently as indirectly it also holds a small in Future Group. There was a condition between Amazon and Future Group that the latter cannot sell it to Reliance according to the agreement.
It is known to everyone that Amazon obviously does want Reliance to take over the retail market in India. There has been a tussle ever since between Amazon, Reliance, and DMart for India’s retail and e-commerce market. Now it will be interesting to see whether this deal between Reliance and Future Group is given a green signal or not in India.
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