The apex court said the proceedings before the National Company Law Tribunal (NCLT) will go on and but will not culminate into any final order on an amalgamation of FRL with Reliance
The Delhi HC says that the company's attempt to control Future Retail through a series of agreements is a violation of the FDI laws.
Debt-ridden Future Retail on Wednesday said its board has approved raising up to Rs 650 crore by issuing non-convertible debentures (NCDs) to pare debt
Amazon India inks long-term deals with Future Group for expanding reach of retail stores, consumer brands
Amazon India on Monday said it has entered into long-term business agreements with Future Group for expanding the reach of the latter's retail stores and consumer brands through its online marketplace
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.
The CCI sought justification from Amazon which could potentially delay approval of the deal.
Founder Jeff Bezos has committed to spending more than $5 billion for the Indian market.
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
The companies did not disclose the value of the deal, which gives Amazon a 3.58 percent stake.
Future Retail shares plunged more than 5 percent after the company announced the sale of 49 percent stake in promoter entity Future Coupons to e-commerce giant Amazon
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
While most retailers are trying to bank on an omnichannel strategy, Reliance Retail is working on a unique Offline to Online (O2O) model
Reliance Jio Digital Services acquires AI firm Haptik in Rs 700 cr-deal; investment focus on expansion of platform
Reliance will hold about 87% of the business with the rest being held by Haptik founders and employees through stock option grants.
US-based 7-Eleven to make India foray through Future Retail; firm’s first store likely to open this year
Future Group said 7-Eleven's entry into the country will modernise the small-retail environment and bring greater convenience to shoppers.
Edelweiss group firm Ecap Equities Ltd bought 16.5 lakh shares worth over Rs 87 crore while Edelweiss special opportunities fund purchased 40.43 lakh shares valuing Rs 212 crore.
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, 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.
The shares were offloaded at an average price of Rs 560.01, valuing the transaction at Rs 1,696.83 crore