Reliance Industries, a business conglomerate, offered to acquire the retail and wholesale business and the logistics and warehousing business of Future Group, an Indian conglomerate company for $3.4bn. "With this transaction, we are pleased to provide a home to the renowned formats and brands of Future Group as well as preserve its business ecosystem, which have played an important role in the evolution of modern retail in India. We hope to continue the growth momentum of the retail industry with our unique model of active collaboration with small merchants and kiranas as well as large consumer brands. We are committed to continue providing value to our consumers across the country," Isha Ambani, Reliance Retail Director. On 2 October, 2021; Reliance Industries extends deadline to close the $3.4bn Future Group deal.