Tag: Future Group

Delhi HC junks Future’s plea to stall proceedings before S’pore tribunal

The legal battle between Amazon and Future Group was going on for over two years in various courts in India.

November 22, 2022

SC grants relief to Future Group; stays all proceedings before Delhi HC in Amazon case

The top court directed market regulator SEBI, National Companies Law Tribunal (NCLT) and Competition Commission of India (CCI), not to pass any order against the Future Group for four weeks.

September 9, 2021

Reliance Retail pushes deadline by six months to complete deal with Future Group

The deal, which was announced on August 29, 2020, has already received clearance from regulators such as CCI, SEBI and bourses, and the scheme of arrangement is now awaiting the nod from the NCLT and shareholders.

April 2, 2021

RIL, Future Group shares rise after CCI gives nod to Reliance Retail deal

Future Group shares were also in heavy demand, rising up to 10 per cent.

November 23, 2020

Future-RRVL deal stalled; RRVL says ‘intend to enforce rights & complete transaction’

The arbitration panel, in an interim order, has directed the Kishore Biyani-led Future Group not to proceed with the deal with Reliance Retail for now.

October 26, 2020

Future Group lost Rs 7,000 crore revenue in first few months of pandemic, says Biyani

It is worth mentioning that the Future Group's financial and insurance business is not part of the deal with Reliance Industries.

October 14, 2020

Future Consumer defaults on debt repayment

The current default amount includes principal of Rs 20 crore and interest of Rs 2.03 crore.

September 8, 2020

Reliance’s acquisition of Future Group to strengthen its retail footprint: Moody’s

RIL, it said, will be able to maintain its net debt-free status even after considering the cash outflow and increase in borrowings following the completion of the proposed acquisition.

September 2, 2020

Reliance Retail buys Kishore Biyani’s Future Group businesses for Rs 24,713 cr

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

August 30, 2020