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Future Retail
FUTURE RETAIL NEWS
Reliance Retail, Jindal, GBTL prospective buyers for Future Enterprises
July 12, 2023 3:06 pm
The resolution professional of Future Enterprises Ltd (FEL) has finalised a provisional list of three Prospective Resolution Applicants (PRA), an exchange filing from the debt-ridden company said.
Future Retail gets NCLT nod to push insolvency deadline
April 15, 2023 6:08 am
The Mumbai bench of the National Company Law Tribunal (NCLT), which heard the petition filed by Futture Retail’s resolution professional on Thursday, granted the exclusion of 90 days from the Corporate Insolvency Resolution Process, the company said in a stock exchange update.
49 players including Reliance, Adani & Jindal Power show interest to acquire assets of Future Retail
April 10, 2023 3:07 pm
As many as 49 players including Reliance Retail, Jindal Power Ltd and Adani group have submitted Expression of Interest (EoI) for acquiring the assets of debt-ridden Future Retail, which is currently going through insolvency resolution process.
A creditor revolt scuttled Mukesh Ambani’s $3.2 billion retail deal
April 26, 2022 5:52 pm
The unequal treatment led to the move last week, when the local banks rebuffed the $3.2 billion offer from Ambani’s conglomerate. Reliance Industries Ltd. announced the purchase plan in August 2020 but struggled to complete the transaction in the face of legal challenges mounted by Amazon.com Inc., which argued it had the first right of refusal contractually.
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.
FRL shareholders to be hit if banks opt for IBC resolution
April 25, 2022 5:21 am
RIL has said the takeover proposal can’t be implemented as secured creditors rejected the plan
Explained: Why has Reliance called off Future Retail takeover proposal?
April 24, 2022 9:47 am
Some leading banks were not in favour of the proposal stating there’s ambiguity on debt recovery. “If top banks are opposing the sale to RIL, the deal is likely to fall through. The next option is to take the IBC route,” said a banking source.
Future Retail takeover can’t be implemented, says RIL in filing
April 24, 2022 7:14 am
On Friday, secured lenders rejected Future Retail Limited’s (FRL) Rs 24,713 crore deal to sell its assets to Reliance Retail Ventures Ltd (RRVL), a subsidiary of RIL.
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).
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