The CCI has approved the acquisition deal between Reliance Retail and Future Group. The deal will see Reliance Industries' retail arm acquire retail, wholesale, logistics and warehousing assets of the Kishore Biyani-led company. The deal will see six companies being merged with Future Enterprises, including Future Consumer Limited, Future Lifestyle Fashions Limited, Future Retail Limited, Future Market Networks Limited, Future Supply Chain Solutions Limited, and Futurebazaar India Limited (FIL) and its subsidiaries. These entities, or transferor companies, will then be transferred to Reliance Retail.

For more, click here.