Future Retail

Amazon moves SC against Delhi HC stay order restraining Future Retail deal with Reliance

On March 22, the Delhi HC stayed a single judge's order restraining Future Retail from going ahead with the deal with Reliance Retail to sell its business.

published on : 14th April 2021

Reliance Retail extends deadline to complete Rs 24,713 crore deal with Future Group

The deal, which is contested by Amazon, is facing legal hurdles and a decision from the Supreme Court is pending over the petition filed by the e-commerce major.

published on : 2nd April 2021

NCLT can issue directions to hold shareholders meet over RIL deal: Future Retail

Amazon had moved the top court against the order of the high court division bench which paved the way for the Reliance-FRL deal.

published on : 23rd February 2021

Supreme Court soughts response from Future Retail, others on Amazon's plea

A bench comprising Justices R F Nariman and B R Gavai issued notices to Future Retail Ltd, Chairperson Kishore Biyani and others and sought their replies.

published on : 22nd February 2021

SAT stays SEBI's order banning Kishore Biyani, other Future promoters from markets

In August last year, Future group had entered into a deal with billionaire Mukesh Ambani's RIL to sell its retail, wholesale, logistics and warehousing units.

published on : 16th February 2021

Amazon-Future Group row: 'Group of Companies Doctrine' can't be invoked, says Delhi HC

A division bench of the Delhi High Court has stayed the operation and effect of order passed by the single judge ordering a status quo in the deal between Future group and Reliance.

published on : 9th February 2021

Delhi High Court stays direction to maintain status quo on Future-Reliance deal

The bench declined Amazon's request to keep its order in abeyance for a week so that it can explore appropriate remedies.

published on : 8th February 2021

Amazon opposing retail stake deal as Reliance is competitor: Future Retail to Delhi HC

Future Retail contended that Amazon was not concerned if the deal falls through then all the shops of the Indian company would be closed down.

published on : 4th February 2021

Sebi bans Future Group CEO Kishore Biyani from accessing securities market for one year

The markets regulator has also barred Biyani from selling, buying or dealing in securities of Future Retail for two years over a case relating to alleged insider trading.

published on : 3rd February 2021

Future Retail files appeal in Delhi High Court against status quo order on Future-Reliance deal

Justice J R Midha, on Tuesday, said the court was satisfied that an immediate interim order was required to be passed to protect the rights of Amazon.

published on : 3rd February 2021

Reliance Industries shares decline over 2 per cent; Future Retail tanks 5 per cent

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

published on : 27th January 2021

Amazon was fully aware of talks with RIL for sale of retail assets: Future Group CEO Kishore Biyani 

Biyani said Future Group had approached them several times after its retail business was massively hit after the lockdown and its debt level zoomed.

published on : 5th January 2021

Independent directors face trust deficit

The survey also showed that 65 per cent of individual shareholders believe that independent directors in listed companies are not acting to protect the interest of minority shareholders.

published on : 25th December 2020

Regulators to decide on Amazon's objections to Future Retail-Reliance deal: Delhi HC

Senior lawyer Harish Salve, representing Future Retail, had earlier likened Amazon to the East India Company for misrepresenting its legal rights.

published on : 21st December 2020

Heritage Foods exits Future Retail, sells 3 per cent stake for Rs 132 crore

The company, which is owned by the family members of former AP Chief Minister N Chandrababu Naidu, said sale proceeds shall be mainly utilised for the repayment of its term loans.

published on : 10th December 2020
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