Future Retail Reliance Industries Deal

Amazon’s plea against antitrust suspension of its 2019’s $200 million investment deal with Future Group was dismissed by an Indian Appeals Tribunal. The tribunal held Amazon accountable "for its failure to provide relevant information on the combination".

Reliance Retail Ltd on Friday posted a 2.43 per cent rise in pre-tax profit at Rs 3,705 crore for the fourth quarter ended March 2022

The Rs 24,713-crore deal Future group deal cannot be implemented as their secured creditors have voted against it, said Reliance Industries in a regulatory filing on Saturday.

Lenders to Future Group rejected a $3.4 billion deal for its retail assets from Reliance Industries Limited

Reliance Industries Limited will rebrand the Future stores after the company failed to make payments for them to Reliance

Reliance Industries has effectively taken over the operations of Future Retail stores and has offered jobs to its employees

Amazon told Future Retail Limited that Samara Capital remains interested in buying out the debt-strapped retailer's businesses for Rs 7,000 crore

Amazon and India's Future Group have been locked in a complex legal stand-off that has stalled Future's $3.4-billion (roughly Rs. 24,700 crore) sale of assets to the US firm's rival Reliance Industries — with no end in sight.

Amazon's 2019 investment in Future Group that got approval from India’s antitrust regulator has now been suspended. The Competition Commission of India said in a fresh order that Amazon "suppressed the actual scope" of the deal and had made "false and incorrect statements" while seeking approval for the $200 million (roughly Rs. 1,500 crore) inve...

While Future is staring at liquidation, the legitimacy of the small $200 million deal could have far-reaching consequences for the country's retail sector.

Future has failed to close its $3.4 billion deal to sell its retail assets to market leader Reliance Industries due to successful legal challenges by Amazon

Amazon has for months been locked in a dispute with Future, and accuses it of violating contracts when it sold its retail assets to market leader Reliance Industries in a $3.4 billion deal last year.

Reliance Industries Ltd's retail arm said on Thursday it has entered a franchise agreement with 7-Eleven Inc to launch the convenience stores in India, days after Future Retail Ltd ended its deal with the US chain.

Future Retail-Reliance Deal: In August last year, Reliance Retail said it will acquire Future Group's retail, wholesale business, and logistics and warehousing business for Rs 24,713 crore.

Amazon and Future have been locked in legal battles over the Future Group deal, with the US firm accusing the Future Group of violating pre-existing contracts.

Amazon’s plea against antitrust suspension of its 2019’s $200 million investment deal with Future Group was dismissed by an Indian Appeals Tribunal. The tribunal held Amazon accountable "for its failure to provide relevant information on the combination".

Reliance Retail Ltd on Friday posted a 2.43 per cent rise in pre-tax profit at Rs 3,705 crore for the fourth quarter ended March 2022

The Rs 24,713-crore deal Future group deal cannot be implemented as their secured creditors have voted against it, said Reliance Industries in a regulatory filing on Saturday.

Lenders to Future Group rejected a $3.4 billion deal for its retail assets from Reliance Industries Limited

Reliance Industries Limited will rebrand the Future stores after the company failed to make payments for them to Reliance

Reliance Industries has effectively taken over the operations of Future Retail stores and has offered jobs to its employees

Amazon told Future Retail Limited that Samara Capital remains interested in buying out the debt-strapped retailer's businesses for Rs 7,000 crore

Amazon and India's Future Group have been locked in a complex legal stand-off that has stalled Future's $3.4-billion (roughly Rs. 24,700 crore) sale of assets to the US firm's rival Reliance Industries — with no end in sight.

Amazon's 2019 investment in Future Group that got approval from India’s antitrust regulator has now been suspended. The Competition Commission of India said in a fresh order that Amazon "suppressed the actual scope" of the deal and had made "false and incorrect statements" while seeking approval for the $200 million (roughly Rs. 1,500 crore) inve...

While Future is staring at liquidation, the legitimacy of the small $200 million deal could have far-reaching consequences for the country's retail sector.

Future has failed to close its $3.4 billion deal to sell its retail assets to market leader Reliance Industries due to successful legal challenges by Amazon

Amazon has for months been locked in a dispute with Future, and accuses it of violating contracts when it sold its retail assets to market leader Reliance Industries in a $3.4 billion deal last year.

Reliance Industries Ltd's retail arm said on Thursday it has entered a franchise agreement with 7-Eleven Inc to launch the convenience stores in India, days after Future Retail Ltd ended its deal with the US chain.

Future Retail-Reliance Deal: In August last year, Reliance Retail said it will acquire Future Group's retail, wholesale business, and logistics and warehousing business for Rs 24,713 crore.

Amazon and Future have been locked in legal battles over the Future Group deal, with the US firm accusing the Future Group of violating pre-existing contracts.