Reliance group, Adani bid for India’s debt-ridden Future Retail

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.

Future Retail’s court-appointed resolution professional (RP), Reliance Industries and Adani group did not immediately respond to emails seeking comment.