The retail giant plans to introduce Gap’s latest fashion offerings to Indian consumers through a mix of exclusive brand stores, multi-brand store expressions and digital commerce platforms.
The board of the Aditya Birla group firm has approved the proposal to raise Rs 2,195 crore by way of preferential issue of equity and warrants to an affiliate of GIC, a joint statement said.
The bench said. Chief Justice NV Ramana also remarked in a light vein that he hopes to not hear them on this case again.
Amazon-Future retail row: SC disposes off case, arbitration proceedings to begin at Singapore Tribunal
The Supreme Court on Monday had noted that Future Retail Limited and Amazon LLC Holding have agreed to the arbitration proceedings at Singapore International Arbitration Centre (SIAC).
Subramanium had said that as far as the resumption of the arbitration proceedings is concerned, there is no difference of opinion between Amazon and Future Group.
During the course of the arguments, the court expressed anguish at how many pleas and replies were being filed by both parties.
Amazon-Future dispute: SC to hear US e-commerce major on restraining alienation of FRL's assets on Monday
Senior advocate Harish Salve, appearing for FRL, had said around 374 shops are with the group and it is not going to give those to anybody on its own unless some landlords throw them out.
Future Retail Limited (FRL), which operates India's popular retail chains, including Big Bazaar, on Friday informed the Supreme Court that Amazon has destroyed them.
This acquisition also marks ABFRL’s entry into the beauty & personal care market.
Chief Minister YS Jagan Mohan Reddy laid the foundation stone for the Rs 110.38 crore Aditya Birla Fashion and Retail Limited unit at Pulivendula Industrial Development Park on Friday.