RIL to pay up to $3.6 billion for Future Group retail ops: Report

Mukesh Ambani's Reliance Industries Ltd will pay between Rs 24,000 crore and Rs 27,000 crore ($3.2-$3.6 billion) to buy the Indian retail chains owned by Future Group, as per reports on Tuesday. Asia's richest man, Ambani has been buoyed by investments close to $20 billion from backers including Google and Facebook and is seeking to strengthen his hand in India's retail sector.