Page 4 of Future Group

CCI defends its December order on Amazon-Future deal

“In stark contrast to internal correspondence of Amazon, the disclosures did not indicate a possibility of the combination being pursued…

March 25, 2022 03:20 IST

Future Enterprises defaults on Rs 93.99 crore payment to PNB and Canara Bank

The due date for payment of the amount was March 23, a regulatory filing by Future Enterprises Ltd (FEL) said.

March 24, 2022 21:31 IST

The listed firms including Future Enterprises, Future Retail, Future Consumer, Future Lifestyle Fashions and Future Supply Chain will hold the meetings on April 20 and April 21, according to separate stock exchange filings by the companies.

Future group companies to convene shareholders’ meeting on April 20

In 2020, Future Group had signed a deal to sell its retail, logistics and warehousing businesses to Reliance Retail, a…

March 20, 2022 04:15 IST

This is the third extension of timeline by Reliance Retail Ventures Ltd (RRVL), the retail arm of Reliance Industries, for completing its Rs 24,713 crore deal with the Future group.

Future group firms to convene shareholder, creditors meeting in April

The NCLT had given a go-ahead for convening meetings of shareholders and creditors of respective Future group companies for approval…

March 19, 2022 20:03 IST

The Supreme Court will hear the matter on March 23.

Restrain Reliance Industries from taking over Future stores: Amazon urges Supreme Court

The apex court will hear the matter on March 23

Updated: March 17, 2022 11:26 IST

To keep the business afloat and protect the interests of all shareholders, Reliance had signed fresh leases with these lessors and sub-leased them, on a leave-and-licence basis, to FRL.

‘Reliance action was unilateral’: Future Retail says stores’ takeover came as a surprise

Reliance Retail has taken steps to terminate the sub-leases of 947 Future Group’s stores and proposes to reopen them after…

March 17, 2022 04:15 IST

"FRL and its Board remain committed to taking all such action as may be necessary to seek value adjustments and reversal of takeover of the stores (leases) by Reliance Group. FRL and its Board are taking steps to arrive at a feasible solution which will be in the interests of all stakeholders," it said.

Would take steps for value adjustments, reversal of takeover of stores by Reliance, says FRL

According to the Future Group firm, since the last week of February 2022, Reliance Group has unilaterally terminated the leases…

March 16, 2022 18:52 IST

In Tuesday’s notice, Amazon claimed FRL had been attempting to transfer FRL’s retail outlets to the MDA Group.

Amazon-Future talks fail: Both parties want resumption of arbitration

Sale of assets to Reliance is a fraudulent act, says US giant.

March 16, 2022 04:45 IST

Future Retail missed its December 31, 2021 deadline to repay its lenders Rs 3,494.56 crore under the terms of a OTR approved by the Kamath committee. (Reuters)

Banks move to secure their interests as Future Retail assets change hands

The lenders also warned members of the public against opening any account for Future Retail, except on account of applicable…

March 16, 2022 03:15 IST

The discontinuation of business operations is subject to statutory approvals and consents. The venture has 22 employees, all of whom will receive “appropriate” entitlements, including career transition support and access to counselling, it said. (Representative image)

Future Consumer terminates JV with New Zealand’s Fonterra

The two companies have agreed to wind down their 50:50 joint venture, Fonterra Future Dairy. The firm’s board considered and…

March 12, 2022 01:45 IST

Reliance Industries, SBI, Infosys, Lupin, Wipro, Colgate, Future Group stocks in focus

Nifty has seen a sharp recovery of around 6% in the last three days. However, it is still down 10%…

March 11, 2022 08:24 IST

Reliance terminates sub-lease of 947 Future Group stores; to be reopened with ‘Reliance’ tag

Amazon has been objecting to the sale on the ground that it has a first right of refusal over Future…

March 11, 2022 04:15 IST

Reliance, Amazon, Future, termination notice, sub lease, stores, acquisition

Reliance terminates leases of 950 Future Retail, Lifestyle stores, weeks after taking over 200 Future stores

Future Group, in an exchange filing, said that Reliance Retail has sent termination notices to Future Retail and Future Lifestyle.…

March 10, 2022 12:20 IST

Future Enterprises get Bombay High Court’s nod for stake sale in insurance JV

Future Group had signed a deal in 2020 to sell its retail, logistics and warehousing businesses to Reliance Retail.

March 9, 2022 03:00 IST

Future calls shareholders meeting on April 20; creditors’ meet next day

Future Group had signed a deal in 2020 to sell its retail, logistics and warehousing businesses to Reliance Retail, a…

Updated: June 15, 2022 13:53 IST

Future Group companies to convene shareholder, creditors meeting from April 20-23

Meeting of unsecured creditors of the holding companies will be held on April 23.

March 7, 2022 21:04 IST

All agreements with Future Coupons were disclosed to CCI, Amazon tells NCLAT

Amazon is contesting the CCI’s December 17, 2021, order that kept in abeyance its earlier approval for the 2019 deal…

March 1, 2022 01:15 IST

Supreme Court asks Amazon, Future group to urge NCLAT to decide plea of US e-commerce major

Amazon has been objecting to the sell-off plans, accusing Future Group of breaching its 2019 investment pact.

Updated: February 23, 2022 20:15 IST

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