Mumbai: The country’s richest man, Mukesh Ambani, has bought another big company. His company has announced that it has bought Retail Group, WholesaleSell, Logistics and Wire House4 transactions of Future Group 4, which has stores like Big Bazaar, for Rs 27,413 crore. The business empire was once founded by Kishore Biyani, the emperor of the Indian retail industry. Mukesh has succeeded in bringing that into his possession.
So what would have happened to Big Bazaar if Mukesh hadn’t bought it Because thousands of people work in the futures group and thousands of people are also involved in the supply chain. The company was in danger of being locked down if it did not repay the loan Big Bazaar has 245 stores across the country. Similarly, Future Group has more than 1,750 stores and employs thousands of people. Everyone’s job is safe after this deal It is unknown at this time what he will do after leaving the post. Most stores had to close during the lockdown Employees were also worried about their jobs amid fears the company could sink due to rising debt. Reliance Retail’s investment has saved the company from disaster.