Future Group

Future Group firms tumble up to 20 per cent; RIL down over 2 per cent

All the stocks hit their respective lower circuit limits. Shares of Reliance Industries also declined by 2.31 per cent.

published on : 25th April 2022

Shares of Future Group firms tumble up to 20 per cent

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.

published on : 25th April 2022

Reliance Industries Limited calls off Rs 25k crore Future Group deal

A majority of lenders to Future Group rejected a deal involving the sale of its retail assets to RIL in NCLT, with 69.29n per cent voting against.

published on : 24th April 2022

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

Reliance Industries said its Rs 24,713-crore deal with the Future Group cannot go ahead as secured creditors of the latter have voted against it.

published on : 23rd April 2022

Lenders reject Future Group-RIL deal

It leaves bankruptcy as a strong possibility for the retailer; at least 75% vote was required for the deal to pass.

published on : 23rd April 2022

FRL-RIL deal fate down to the wire as voting ends

FRL and RIL spokespersons could not be contacted for comment.  For the deal to be approved, 75% of the shareholders and lenders of 21 Future group firms have to vote for it. 

published on : 22nd April 2022

Bank of India starts insolvency against Future group

Future Retail defaulted on payment of Rs 5,322.32 crore to a string of lenders by the due date of March 31.

published on : 15th April 2022

Amazon calls Reliance takeover of Future stores as 'Fraud'

Amazon has been contesting the Rs 24,713 crore sale of Future Group's retail assets to Ambani's Reliance group, first announced in August 2020, and the case is currently before the Supreme Court.

published on : 15th March 2022

Amazon threatens legal proceedings against Future Retail, its promoters in public notice

The notice comes at the conclusion of a 10-day window given by the SC to the warring Amazon and Future group to resolve their differences out of court.

published on : 15th March 2022

Exit not 1st option for Amazon: Sources 

To be sure, Future group is working on consummating a Rs 24713-crore deal with RIL even as the negotiations with Amazon are under way. 

published on : 11th March 2022

Reliance Retail sends notices to terminate sub-lease of 950 Future stores

In stock exchange filings, the Kishore Biyani-led debt-laded Future Group firms said they have been served notices to terminate the lease of 835 Future Retail stores and 112 Future Lifestyle stores.

published on : 10th March 2022

Reliance Industries takes control of Future Retail stores, offers jobs to employees

All of these stores which Reliance is taking over are loss-making and the balance stores will continue to be run by FRL.

published on : 26th February 2022

Sale in insurance business to help Future repay debt

 The group owes over Rs 12,000 crore to its lenders, which it hoped to meet via the sale of its retail assets to Reliance Industries for a consideration of Rs 24,713 crore.

published on : 28th January 2022

Future group files petition in SC; seeks time to repay Rs 3,500 crore debt

In its filing, reviewed by TNIE, Future Retail said it was unable to service the debt due to legal challenges from Amazon. 

published on : 26th January 2022

Future Retail files petition in SC, seeks extension to make Rs 3,500 crore payments to lenders

Future has failed to close its $3.4 billion deal to sell its retail assets to market leader Reliance Industries due to the tussle with US e-commerce major Amazon

published on : 25th January 2022
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