Reliance on Saturday called off Rs 24,713-crore deal with Kishore Biyani-led Future Group to acquire its retail, wholesale, logistics and warehousing assets as secured creditors of the latter voted against it.
Crisis-hit Future Retail Ltd (FRL) has defaulted on ₹5,300 crore payment to lenders due to ongoing litigations with e-commerce major Amazon, according to an exchange filing.