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Thursday, May 19, 2022

Future Group


RIL-FRL deal off, IBC fears: Shares of Future group cos fall up to 20%

April 26, 2022 12:54 am

Future Supply Chain plummeted by 19.96 per cent to Rs 37.30, Future Market Network plunged by 14.30 per cent to Rs 7.07 and Future Lifestyle Fashions by 19.89 per cent to Rs 29.40.

Future Group firms tumble up to 20%

April 25, 2022 12:40 pm

The stock of Future Consumer plummeted 19.91 per cent, Future Supply Chain Solutions slipped 19.96 per cent, Future Lifestyle Fashions 19.89 per cent, Future Enterprises tumbled 9.87 per cent and Future Retail fell 4.96 per cent on the BSE.

Reliance calls off Rs 24,713-cr deal with Future Group after secured creditors give a thumbs down

April 23, 2022 7:14 pm

In a regulatory filing, Reliance said Future Group companies have intimated the results of the voting on the scheme of arrangement by their shareholders and creditors at their respective meetings

From Future group stocks to HCL Technologies: Here are top stocks to watch on April 22

April 22, 2022 9:50 am

Stocks to watch: From Paytm to Tata Communications, here are the key stocks to look out for on Friday's trade.

Amazon-Future dispute: SC orders resumption of arbitration over FRL merger with Reliance Retail

April 06, 2022 12:40 pm

A bench comprising Chief Justice N V Ramana and Justices Krishna Murari and Hima Kohli took note of the consent of US e-commerce major Amazon and Future group over the resumption of arbitral proceedings before the Singapore International Arbitration Centre (SIAC).

Amazon-Future dispute: SC asks whether it can pass orders restraining alienation of FRL's assets

April 01, 2022 2:57 pm

A bench headed by Chief Justice N V Ramana, which has now posted the plea of US e-commerce major for further hearing on April 4, said the landlords of the FRL's shops are not before it and the question is if such an order restraining the alienation of assets till conclusion of arbitration can be passed.

Amazon, FRL talks collapse

March 16, 2022 12:23 am

Amazon, which is involved in a legal battle with FRL over the sale of the latter’s assets to Reliance Retail, said, in a public notice, that the false statements had been made knowingly as “FRL was on the verge of purportedly allowing handing over of the retail assets to the MDA Group”.

Amazon calls Future store transfer to Reliance 'fraud'

March 15, 2022 11:53 am

Reliance last month signed lease deeds with landlords who haven't been paid rent for months for stores built on their properties by Future Group. Initially, it sub-leased the properties to Future Group for operation, but this month terminated those sub-leases and took over 947 such stores.

Reliance Retail nixes sub-lease of 947 Future stores

March 11, 2022 12:57 am

Reliance had taken over the stores last month as they were sub-leased by it to Future which had defaulted on rental payments. Now, all such stores have been closed by Reliance.

Explained: Why Future Group has challenged insolvency proceedings in SC

January 27, 2022 3:57 am

Future Retail has moved the Supreme Court seeking protection from being declared a defaulter for failing to pay loan dues of Rs 3,494.56 crore to its 26 lenders. Why has it failed to pay lenders, and what did it tell the court?