49 entities have submitted Expression of Interest (EoI) for acquiring the assets of Future Retail, which is currently undergoing insolvency resolution. Some of the interested entities include Reliance Retail, Jindal Power Ltd, and the Adani group.
Reliance Retail Ventures Ltd, which holds the retail operations of RIL, and April Moon Retail Private Ltd, a joint venture between Adani Airport holdings and Flemingo group, have resubmitted their Expression of Interest (EOI) to acquire the assets of debt-ridden Future Retail. This move comes after the lenders of Future Retail decided to invite fresh bids by dividing the company’s assets into clusters.
