New Delhi, Aug. 30 -- Another Day, Another Deal . Mukesh Ambani's Reliance Industries on Saturday announced the acquisition of businesses of Kishore Biyani's Future Group for Rs.24,713 crores. It will add it to the fast-expanding retail business and bolster e-commerce. This puts Walmart-owned Flipkart and Jeff Bezos' Amazon in a great fix in the Indian Market.

With this deal, the Reliance group will have access to 1,800 stores across Future Group's 5 formats. This includes Big Bazaar, FBB, Easyday, Central, Foodhall formats, which are there in over 420 cities in India. This acquisition is a part of the scheme of Future Group to merge certain companies in FEL. (Future Enterprise Ltd.) Further, it will transfer all its logistics and wareho...