Tag: Future deal

RIL, Future Retail shares plunge after Amazon seeks detention of Biyani and his group’s founders

In its petition, Amazon sought enforcement of the Singapore arbitrator's ruling in October against its partner Future's Rs 24,713 crore deal with Reliance.

January 27, 2021

Share price of RIL, Future Retail soar after Sebi clears their deal

Future Retail Ltd's shares hit the upper circuit of Rs 81.35, rising 4.97 per cent from the previous close.

January 21, 2021

CAIT welcomes Delhi HC’s order of holding Amazon liable for violation of FEMA, FDI policy

It has been rightly held that Amazon acquired control of Future Retail by virtue of its arbitrary dominance in Future Coupon Limited and in the absence of any Government approval, it is contrary to FEMA & FDI rules, according to CAIT.

December 22, 2020

CCI gives green signal to Reliance-Future Group deal

Amazon bought 49 per cent stake in one of Future Group's unlisted firms, with the right to buy into the listed flagship Future Retail Ltd.

November 21, 2020

Amazon takes on Future over deal with Reliance Retail

The acquisition is part of the scheme in which the Future Group is merging certain companies carrying on the aforesaid businesses into Future Enterprises Limited (FEL).

October 8, 2020

Stake sale, Future’s asset acquisition to boost RIL retail: Fitch

RIL's acquisition of Future Group's warehousing and logistics business, in addition to its stores, will help expand the scale of JioMart, RIL's online grocery platform.

September 11, 2020