India: Reliance group, Adani to jointly bid for debt-laden Future Retail

India: Reliance group, Adani to jointly bid for debt-laden Future Retail

Photo: Reuters

Companies led by Asia’s richest man, Gautam Adani, and billionaire Mukesh Ambani, the owner of Reliance Industries have entered the fray to acquire India’s debt-laden Future Retail Ltd, a document seen by Reuters shows.

April Moon Retail Private Ltd, a joint venture between Adani Airport holdings and Flemingo group, Reliance Retail ventures as well as 13 other firms have submitted expressions of interest (EOIs) for Future Retail.

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