India: Reliance Industries to extend operational support to Future Retail

India: Reliance Industries to extend operational support to Future Retail

Photo: Pixabay

Reliance Industries Ltd (RIL) has agreed to extend operational support to Future Retail Ltd to prevent its collapse while its 24,713-crore deal to buy the cash-strapped retailer’s assets awaits approval from a company law tribunal, two people directly aware of the matter said.

The National Company Law Tribunal (NCLT), which was due to announce its ruling on Tuesday, adjourned the case until 15 March.

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