SEBI bans Future Group's Kishore Biyani, others from securities market for one year over insider trading
In addition, the regulator has imposed a fine of Rs one crore each on Kishore Biyani, Anil Biyani and Future Corporate Resources and ordered them to pay back Rs 17.78 crore with interest
Future Retail has requested a tribunal to obtain key permission for its asset sale of $3.4 billion to Reliance Industries
The legal battle ensuing between the companies Amazon, Future Retail and Reliance has been going on since last year itself.
The SEBI, in its letter of approval, listed a number of conditions in accordance to the Composite Scheme of Arrangement. The regulatory body has also referred to the apprehensions raised by Amazon.
Singapore International Arbitration Centre constitutes panel for final verdict on Amazon-Future case
The SIAC arbitration panel will pass the final verdict on whether Future Group can go ahead with its Rs 25,000 crore deal or not.
Amazon, which cannot itself acquire Future, tries to block the Future-Reliance transaction, putting livelihoods, lenders and vendors at risk.
Amazon may be on the wrong side of India’s FDI rulebook for multi-brand retail on dispute with Future Retail
By persona, as well as operations, Amazon is an e-commerce entity. Rules disallow FDI investors in multi-brand retail to engage in e-commerce activity.
Amazon seeks control of Future Group's assets worth Rs 30,000 crore through investment of Rs 1,431 crore
Amazon's investment exposure is limited to Rs 1,431 crore in Future Coupons Ltd (FCL) alone. It would be noteworthy to note that Future Group's assets are worth in excess of Rs 30,000 crore
The investments value Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore. In less than three days, Reliance Industries has entered into five deals to sell stake in RRVL
The Reliance Retail Ventures Ltd (RRVL), a subsidiary of Reliance Industries Ltd will acquire the retail, wholesale, logistics and warehousing businesses of the Future Group on a slump sale basis
Future Retail surged nearly 18.22 percent to Rs 387.90. After shedding some gains, it was trading 13.61 percent up at Rs 372.75.
Blackstone invests Rs 1,750 cr in Future group; to bring global perspectives to take us to next level, says Kishor Biyani
Leading global investment firm Blackstone has invested Rs 1,750 crore in Kishore Biyani led Future group firm Future Lifestyle Fashions Ltd (FLFL)
The CCI sought justification from Amazon which could potentially delay approval of the deal.
Future Group founder Kishore Biyani has said global e-commerce giant Amazon's investment in the firm is not just to raise money but also to become a part of the ecosystem
Amazon in advanced talks to buy 8-10% stake in Kishore Biyani-led Future Retail; deal expected to close in next few weeks
American e-commerce giant Amazon is in an advanced stage of discussions with Future Retail Ltd for picking up 8-10 percent stake in the Indian retail chain, according to sources
Future Group starts listing brands, products on Amazon; US e-commerce major may buy stake in Future Coupons
Future Group’s Big Bazaar will be one of the preferred sellers on Amazon Now. Amazon is also in talks to buy a stake in Future Coupons, a firm owned by Biyani
Having diversified into many categories over the years with limited success in some of them, Future Group founder and CEO Kishore Biyani on Tuesday said it was a mistake and the company will now restrict itself to food, fashion and home furnishings verticals
Amazon's plan to foray into retail food sector may be scuttled by govt's tightening of e-commerce rules
In 2018, Amazon had proposed $500 million investment in retailing of food products in India.
New e-commerce policy aids smaller players by breaking unholy nexus between marketplace and affiliate sellers
The domestic lobby has succeeded in convincing the government that friendliness towards FDI in e-commerce should not hamper healthy competition
Amazon in advance stage to buy 9.5% stake in Kishore Biyani-led Future Retail; deal estimated to be around Rs 2,000 cr
The agreement could also include Amazon buying out Biyani and promoter group's entire holding in Future Retail subject to applicable regulations in India.