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Indian banks to start debt recovery proceedings against Future Retail -sources
Tue, Mar 22, 2022
Indian lenders are set to initiate debt recovery proceedings against Future Retail this week to safeguard their interests after rival Reliance unexpectedly took over some of the retailer`s stores.
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Samara Capital ready to invest Rs 7,000 crore in Future Retail to acquire assets, Amazon confirms in its letter
Sun, Jan 23, 2022
Amazon has written to independent directors of Future Retail Ltd (FRL), confirming that Samara Capital "remains interested and committed" to invest Rs 7,000 crore for buying all retail assets of the debt-ridden company.
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Future-Reliance deal: SC stays proceedings in Delhi HC, asks NCLT, CCI, SEBI not to pass final orders
Thu, Sep 09, 2021
The Supreme Court has stayed all the proceedings before the Delhi High Court for four weeks related to implementation of an award by Singapore's Emergency Arbitrator (EA) restraining Future Retail Ltd (FRL) from going ahead its merger deal with Reliance Retail.
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FRL-Reliance deal: BIG JOLT! SC rules in favour of Amazon; Future Retail shares locked in lower circuit
Fri, Aug 06, 2021
Reliance Industries aiming to become a retail giant with Future Retail deal. While Amazon, which is already an e-commerce giant, sees a lot of opportunity in India and also aims to start its retail business here.
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SIAC arbitration order against Rs 24,713 cr deal with RIL not 'enforceable, binding': Future Retail
Mon, Nov 02, 2020
Future Retail on Sunday said the emergency order passed by the Singapore International Arbitration Centre (SIAC) putting its Rs 24,713-crore deal with Mukesh Ambani-led RIL on hold is not "enforceable and binding", and any move to enforce it would be "resisted" by the company
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Exclusive: In fight with Amazon, India''s Future Retail sees liquidation if Reliance deal fails
Tue, Oct 27, 2020
India`s Future Retail Ltd (FRL) will go into liquidation if its deal to sell assets to Reliance Industries fails, the group told a Singapore arbitrator while arguing against Amazon.com Inc`s bid to scupper the deal, a legal order seen by Reuters showed
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Future Retail share price surges as CCI approves Amazon investment
Fri, Nov 29, 2019
In a brief statement on Thursday, the Competition Commission of India (CCI) said it had approved Amazon`s purchase of a 49% stake in Future Coupons Ltd, an entity that owns about 7.3% of Future Retail, adding that it would soon provide a detailed order.
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We have a target to grow by 18-25% in FY19: Rakesh Biyani, Future Retail
Fri, Nov 30, 2018
Rakesh Biyani, Joint Managing Director, Future Retail Limited, spoke about consumer sentiments, different formats of business and expansion plans during an interview with Swati Khandelwal, Associate Editor, Zee Business.
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Bharti Enterprises sells Future Retail's shares worth around Rs 300 crore
Thu, Nov 29, 2018
Bharti Enterprises Thursday sold over 57 lakh shares of Future Retail for around Rs 300 crore through open market operations. The shares were bought by Edelweiss group, according to the block deal data available with BSE.
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A blow to Flipkart, Walmart! There is a new deal in town, this is what Jeff Bezos' Amazon is planning here
Tue, Nov 27, 2018
Just like offline channel Walmart knocked the door of e-retailer Flipkart, similarly, online major Amazon is in talks to join hands with India’s largest offline channel Future Retail.
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Future Retail honcho Rakesh Biyani on Rs 1,500 cr going to customers as savings, Retail 3.0, GST, more
Thu, May 03, 2018
The retail sector is set to benefit from goods and services tax (GST) as cost efficiency increases, Rakesh Biyani, joint managing director at Future Retail, said. Already, sales are looking stronger for the retailer.
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