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.
Amazon to buy 9.5% stake in Kishore Biyani's Future Retail for Rs 2,500 crore, deal to be announced on 14 November
The deal will give Amazon access to nearly a third of India’s organised food and grocery market through the Big Bazaar and Nilgiris supermarket chains
Amazon’s latest acquisition adds more heat to the US e-commerce giant’s battle with Walmart Inc in the Indian market, after Walmart acquired Indian firm Flipkart for $16 billion earlier this year.
Amazon, Alibaba are shopping in India to up the ante in the groceries battleground; target brick-and-mortar retailers
India’s overall retail market is pegged at Rs 47 lakh crore and modern retail and e-commerce together make up just about four percent of that pie.
Future Retail Ltd’s shares jumped some 6.2 percent on Monday, their biggest intra-day percentage gain since 25 May, 2018.
Italy's Generali Group will raise its stake in Indian insurance joint ventures -- Future Generali India Life Insurance Company and Future Generali India Insurance Company -- to 49 percent from 25.5 percent at present
"We are looking at retail business of Rs 40,000 crore by next year; out of which Hyderabad will contribute Rs 4,000 crore," Future Group CEO Kishore Biyani said
If the deal goes through, it will help Snapdeal which is looking to shed its non-core assets in a bid to survive in the hyper-competitive e-commerce market.
The Future group will have 1,100 Easyday stores by the end of the current fiscal and 10,000 by 2022, Kishore Biyani said