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Reliance retail acquires departmental stores

March 05, 2020

Reliance retail acquires departmental stores

Reliance retail has acquired a departmental store in Tamil Nadu for Rs. 152.5 crore. According to Reliance industries investment in departmental stores will help them to improve their retail operations and their presence in Tamil Nadu.

Shri Kannan departmental store is engaged in business of retailing daily required products to general customers and it has 29 outlets all over Coimbatore.

Main focus of the company is to create link between merchants, producers, traders and dominate India’s retail market.

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