Page 3 of Future Retail

The move gains importance following the cancellation of the Future Retail (FRL) deal by parent Reliance Industries (RIL), which would have bolstered its retail and e-commerce presence across the country.

Reliance Retail bets big on new commerce for growth

On the new commerce front – which the firm terms as digital and offline stores (kirana, electronic and chemist among…

May 10, 2022 01:45 IST

Three Future Group firms’ total borrowings at Rs 6,475 crore

As of March 31, FRL had a total outstanding of Rs 4,876.88 crore, while that of FLFL was at Rs…

April 30, 2022 06:15 IST

Insolvency proceedings: NCLT to hear Future Retail’s case on May 12

The consortium also includes State Bank of India, Axis Bank, Corporation Bank, IDBI Bank, Bank of Baroda and Punjab National…

April 29, 2022 04:40 IST

NCLT gives Future Retail time till May 12 to file reply on insolvency plea

During the hearing, Gaurav Joshi, representing FRL, requested the tribunal for more time to file the reply to the petition.

April 28, 2022 17:49 IST

IFCI notice against encumbrance of Future Brands’s assets

The notice said IFCI also holds an exclusive charge over four brands owned by the borrower – John Miller, Cleanmate,…

April 27, 2022 00:27 IST

stocks to watch, stocks in focus, ril. bajaj finance

RIL, Bajaj Finance, Future Retail, GMDC, Veranda Learning, HDFC Life, Eveready Industries stocks in focus

Markets expected to remain volatile amid worries about inflation and its impact on corporate earnings, while also fuelling concerns over…

Updated: April 26, 2022 08:03 IST

At present, most banks hold 40% provisions against the group’s flagship Future Retail, which slipped in January 2022.

Future Group’s bankers to raise provisions over next quarters; lenders’ total exposure pegged at Rs 27,000 crore

Bank of India (BoI) has already referred Future Retail to the National Company Law Tribunal (NCLT) for insolvency proceedings. Regulatory…

April 26, 2022 05:20 IST

Reliance, kishore biyani, future group stocks

Kishore Biyani-led Future group stocks crash 20% after Reliance calls off Rs 24,713 cr deal with Future Retail

Future Retail, Future Enterprises, Future Supply Chain Solutions, and other Future group stocks crashed up to 20 per cent on…

April 25, 2022 13:08 IST

Future Retail secured creditors rejects deal with Reliance Retail

A majority of 69.29 per cent of secured creditors of FRL voted against the resolution while 30.71 per cent voted…

April 22, 2022 20:35 IST

FRL shareholders’ e-voting ends; EGM for shareholders, creditors to be held on April 20, 21

As per an addendum notice that the company had submitted to the BSE, FRL’s remote e-voting for its equity shareholders…

April 19, 2022 21:47 IST

Several Future Group companies, including FRL, had entered into agreements with their respective lenders in terms of the RBI circular dated August 6, 2020, in which a resolution framework for COVID-related stress was announced.

Bank of India moves NCLT against Future Retail, files insolvency plea

“Bank of India (BoI) has served an advance intimation of filing an application under Section 7 of the Insolvency and…

April 14, 2022 17:46 IST

FRL had subsequently argued that since Amazon had based its first right of refusal over any asset sale by it on this acquisition, the arbitration becomes null and void.

Amazon-Future Group row: Arbitration to begin at Singapore International Arbitration Centre soon

“I hope we don’t have to hear this case again,” the CJI said in a lighter vein at the close…

April 7, 2022 00:45 IST

Amazon-Future row: Stop Future Retail from transferring assets, Amazon tells Delhi High Court

The HC has asked FRL and other parties to file their response to the enforcement petition and the fresh affidavit…

April 6, 2022 03:15 IST

The tribunal had earlier directed status quo on the matter, which Amazon has alleged has been violated by Future and Reliance Retail. (File)

Supreme Court asks Amazon, Future to file consent terms for resuming arbitration before Singapore tribunal

The apex court also asked Amazon and Future to inform in the next hearing on Wednesday, about the developments in…

April 5, 2022 01:15 IST

Amazon-Future dispute: SC to hear US e-commerce major on restraining alienation of FRL’s assets on Monday

The bench had taken note of the submissions of both sides, Amazon and Future Group, that they have no objection…

April 3, 2022 20:27 IST

Future Retail, Future Enterprises default on Rs 8,158 crore loan repayments

The due date for payment of Rs 2,835.65 crore by Future Enterprises Ltd (FEL) and Rs 5,322.32 crore by Future…

April 1, 2022 22:38 IST

Amazon-Future dispute: SC asks whether it can pass orders restraining alienation of FRL’s assets

A bench headed by Chief Justice N V Ramana, which has now posted the plea of US e-commerce major for…

April 1, 2022 19:34 IST

Future Enterprises defaults on Rs 19.16 crore loan repayment

This is the second default by FEL this month. The due date for payment of Rs 19.16 crore was March…

March 29, 2022 22:31 IST

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