Reliance Retail, Adani Group drop out of competition for Future Retail, according to report
Future Retail (FRL), which was brought to the insolvency tribunal in April of last year, is no longer being bid on by the Gautam Adani-led Adani Group and Mukesh Ambani-led Reliance Retail. Six final proposals for Future Retail have reportedly been received, none of which include Reliance Retail or the Adani Group, according to a story on ET Now. According to the report, Space Mantra has made the highest offer, and five other businesses have also submitted bids for other firm components. These businesses are Sarvabhishta e-waste management, Pinnacle Air, Palgun Tech LLC, Lehar Solutions, Goodwill Furniture, and Palgun Tech…