Future Reliance Deal

Reliance announced on Monday that it has agreed to a $32 million deal to acquire California-based solar energy software developer SenseHawk. The deal is expected to be completed by the end of 2022.

The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Future Retail under the Insolvency and Bankruptcy Code (IBC). The tribunal also rejected objections raised by Amazon claiming that any bankruptcy proceedings at this stage would compromise the e-commerce company's rights.

Amazon and BoI have presented their arguments in the Future Retail Deal, following which the National Company Law Tribunal (NCLT) has reserved its order on the petition filed by e-retailer opposing the bank's plea to initiate insolvency resolution proceedings against debt-ridden FRL. The tribunal directed the Amazon to submit its written response b...

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".

Debt-ridden Future Group firm Future Enterprises expects to raise around Rs 3,000 crore from selling its stake in the insurance business to pare debt

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

It was a contentious plan to repay overseas bondholders in full that brought what would have been India's biggest retail deal to a grinding halt.

Shares of Future Group companies tumbled again on Tuesday on increasing concerns that the group faces bankruptcy risk, despite a surge in benchmark indices and broader Asian stocks trading higher.

Debt-ridden Future Group is now focusing on saving and rebuilding firms such as - Future Lifestyle Fashions, Future Supply Chain Solutions

Shares of Future Group firms on Monday faced heavy drubbing, tanking up to 20 per cent after Reliance Industries said its Rs 24,713-crore deal to acquire Future Group's assets could not be implemented after secured creditors of the Kishore Biyani-led companies voted against the proposal.

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.

Future Retail Ltd is on course to bankruptcy after its secured creditors rejected the Reliance deal this week. The fate of the company and management is uncertain as the Bank of India initiated insolvency proceedings last week.

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

Future Retail Ltd (FRL) on Wednesday held a meeting of its shareholders to consider and approve the sale of the company's retail assets to billionaire Mukesh Ambani's Reliance Retail Ventures Ltd.

Debt-ridden Future Enterprises Ltd has defaulted on the payment of interest of Rs 1.22 crore due on non-convertible debentures

Reliance announced on Monday that it has agreed to a $32 million deal to acquire California-based solar energy software developer SenseHawk. The deal is expected to be completed by the end of 2022.

The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Future Retail under the Insolvency and Bankruptcy Code (IBC). The tribunal also rejected objections raised by Amazon claiming that any bankruptcy proceedings at this stage would compromise the e-commerce company's rights.

Amazon and BoI have presented their arguments in the Future Retail Deal, following which the National Company Law Tribunal (NCLT) has reserved its order on the petition filed by e-retailer opposing the bank's plea to initiate insolvency resolution proceedings against debt-ridden FRL. The tribunal directed the Amazon to submit its written response b...

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".

Debt-ridden Future Group firm Future Enterprises expects to raise around Rs 3,000 crore from selling its stake in the insurance business to pare debt

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

It was a contentious plan to repay overseas bondholders in full that brought what would have been India's biggest retail deal to a grinding halt.

Shares of Future Group companies tumbled again on Tuesday on increasing concerns that the group faces bankruptcy risk, despite a surge in benchmark indices and broader Asian stocks trading higher.

Debt-ridden Future Group is now focusing on saving and rebuilding firms such as - Future Lifestyle Fashions, Future Supply Chain Solutions

Shares of Future Group firms on Monday faced heavy drubbing, tanking up to 20 per cent after Reliance Industries said its Rs 24,713-crore deal to acquire Future Group's assets could not be implemented after secured creditors of the Kishore Biyani-led companies voted against the proposal.

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.

Future Retail Ltd is on course to bankruptcy after its secured creditors rejected the Reliance deal this week. The fate of the company and management is uncertain as the Bank of India initiated insolvency proceedings last week.

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

Future Retail Ltd (FRL) on Wednesday held a meeting of its shareholders to consider and approve the sale of the company's retail assets to billionaire Mukesh Ambani's Reliance Retail Ventures Ltd.

Debt-ridden Future Enterprises Ltd has defaulted on the payment of interest of Rs 1.22 crore due on non-convertible debentures