Page 4 of Future Retail

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

52-week high, 52-week low: Paytm, Future Retail among 19 BSE stocks to hit fresh lows, 110 scrips at new highs

As indices traded volatile 110 scrips on the BSE hit their respective 52-week high values while a total of 43…

March 23, 2022 13:20 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

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

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

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

‘The shops are gone’: How Reliance stunned Amazon in battle for India’s Future Retail

The legal wrangles had over time become increasingly high-stakes and marked by ugly rhetoric.

March 6, 2022 13:51 IST

future group, amazon, reliance, supreme court, settlement, negotiation, CJI, legal battle, deal, acquisition

Amazon, Future agree to talk to attempt settlement, Chief Justice gives them 12 days, else court will step in

A Supreme Court bench led by Chief justice NV Ramana has given Amazon and Future Group 12 days’ time till…

March 3, 2022 15:55 IST

Reliance Retail to take over another 250-300 Future Retail stores

In August 2020, RIL inked a deal to acquire the retail business of Future Group for Rs 24,713 crore.

March 1, 2022 02:45 IST

big bazaar, future retail, debt, Reliance, Amazon, supermarket, rebranding, retail assets, take over

Big Bazaar to reopen as Reliance Retail stores next week; Mukesh Ambani takes over 200 Future retail outlets

Most of Future Retail’s Big Bazaar stores remained shut throughout the weekend along with its online operations. Reliance Industries, which…

February 28, 2022 16:35 IST

Reliance takes control of around 200 Future Retail stores, offers jobs to employees

The Delhi High Court was also directed by the apex court to hear the case from Future Group’s point of…

Updated: February 26, 2022 18:02 IST

Future Retail pays $14 million interest on USD notes in grace period

The USD notes had a grace period of 30 days for making the payment of interest, stated a regulatory filing…

February 19, 2022 13:46 IST

Amazon dispute: Supreme Court allows Future to move Delhi High Court for Reliance merger proceedings

Last year, the apex court had restrained the NCLT from taking a final call on the deal between Future Retail…

February 16, 2022 03:15 IST

SC permits FRL to approach Delhi HC with plea related to merger with Reliance Retail

“We grant liberty to FRL to approach the Delhi High Court for seeking continuation of proceedings before the NCLT…We request…

Updated: February 15, 2022 12:43 IST

Covid stress: Banks see 4-5% slippages in restructured portfolios

Concerns persist around small-ticket retail, MSME accounts and a chunky exposure to FRL.

February 10, 2022 04:45 IST

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