According to this Business Standard report
, the company's board would also look at the proposal to merge three other listed entities of the Future group
with FEL. Once the merger is completed, Reliance Industries will invest Rs 8,500 crore to own 50 per cent stake in the merged entity. Global retail giant, Amazon, which owns stake in one of Future group's companies will dilute its stake and will not object to the transaction with RIL.
FRL is engaged mainly in home and electronics retailing and value retailing and operates Big Bazaar, Easyday, and Foodhall, among other format retail stores. The deal will also involve Future Consumer, which operates the food business, and has significant links with FRL, which is its largest customer, accounting for almost 80 per cent of its annual sales.
Similarly, Future Supply Chain Solutions provides supply-chain solutions (for non-agro products) to Future Group
companies as well as to outside companies. The supply-chain company gets 65 per cent of its business from FRL.