November 05, 2024 19:13 (IST)
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Reliance cancels Rs 24,700 cr deal with Future group after secured creditors oppose it

Reliance cancels Rs 24,700 cr deal with Future group after secured creditors oppose it

Mumbai: A day after secured creditors, primarily banks and financial institutions, of Future Retail rejected the Rs 24,713 crore deal with Reliance Group, billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) on Saturday said that the scheme of arrangement cannot be implemented.