Future Retail bonds boosted by Reliance news

By Morgan Davis
24 Nov 2020

Bonds from India’s Future Retail rallied in the secondary market this week, after Reliance Industries got approval to buy the struggling business.

Future Retail, part of the Biyani family's Future Group, has been badly hit by the impact of the Covid-19 pandemic this year. The company runs a mix of supermarkets, clothing stores and a range of other retail offerings. Its brick-and-mortar focus has made it vulnerable this year, leading ...

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