Reliance Retail in talks with Bata India

It has been reliably learnt from highly placed sources in the Maker Tower, that Reliance Industries Limited top officials are in discussions with Bata India Limited for a join-venture agreement for Reliance Retail Limited.

It could be that Reliance is eyeing Bata’s strong retail presence in Kolkatta where it will launch its retail operations next after the 18th-Oct launch at Hyderabad. A lesser speculative source says, Reliance maybe eyeing Bata’s real estate throughout India. For sure something is cooking betweeen the two.