Live
- CPI(M) leader seeks Calcutta HC’s attention over Bengal CM's anti-judiciary comments
- Aparna Yadav Challenges Akhilesh Yadav's Candidacy In Kannauj: No Longer A Smooth Ride For Samajwadi Party
- A constable who helped an old woman in a very dangerous place
- WBSSC Claims Eligibility For 19,000 Dismissed Staff Amidst Teacher Recruitment Scandal
- Tollywood’s shifting landscape: The growing influence of OTT platforms
- YSR Congress Party MLA candidate KK Raju campaigns in 23rd Ward Priyadarshini Colony
- Leaders and Residents Welcome TDP Candidates Pulivarthi Nani and Daggumalla Prasada Rao in Tirupati
- 30 Families Switch Allegiance from YSR Congress to Telugu Desam Party in Batladinne Village
- Mannara Chopra’s refreshing photoshoot brings summer vibes
- Vishal’s thriller ‘Rathnam’ clears censor; all set to hit theatres
Reliance extends deadline for deal with Future Group
Reliance extends deadline for deal with Future Group
New Delhi: Reliance Retail Ventures, the retail arm of Reliance Industries, has extended the timeline for six months to complete its Rs 24,713 crore...
New Delhi: Reliance Retail Ventures, the retail arm of Reliance Industries, has extended the timeline for six months to complete its Rs 24,713 crore deal with Kishore Biyani-led future group to buy its retail and wholesale business.
Reliance Retail Ventures Ltd (RRVL) has extended the timeline for the 'Long Stop Date' from March 31, 2021 to September 30, 2021, said a regulatory filing by Future Retail.
"Pursuant to the provisions of scheme and other transaction documents executed in relation thereto, RRVL has in exercise of the right provided thereunder, extended the timeline for 'Long Stop Date' from March 31, 2021 to September 30, 2021 which has been duly acknowledged by Reliance Retail and Fashion Lifestyle Limited, wholly-owned subsidiary of RRVL," it said.
Long Stop, an established practice in mergers and acquisition transaction, is a timeframe in which parties agree on which all the conditions precedent for a transaction need to be fulfilled and the transaction completed.
