Indian retailer Reliance has nixed its $3.4 billion deal with Mumbai-based retail firm Future Group, adding it “cannot be implemented” because Future’s secured creditors rejected the agreement, Reuters reported Saturday (April 23). Get the Full Story Complete the form to unlock this article and enjoy...
Amazon remains locked in a protracted legal battle with Reliance Industries to control the fate of Future Group and gain the lion’s share of India’s retail market, according to a report Monday (March 21) in The Wall Street Journal. Get the Full Story Complete the...
Amazon has asked India’s market regulator, the Securities and Exchange Board of India (SEBI), to withdraw its conditional approval of competitor Future Group’s $3.4 billion assets sale of its retail operation to Reliance Industries, Reuters reported Monday (Aug. 30). Get the Full Story Complete the...
India’s Supreme Court on Friday (Aug. 6) affirmed an emergency arbitrator’s decision, sought by Amazon, preventing the planned sale of the Future retail chain to Reliance Industries. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
April 25, 2022
Indian retailer Reliance has nixed its $3.4 billion deal with Mumbai-based retail firm Future Group, adding it “cannot be implemented” because Future’s secured creditors rejected the agreement, Reuters reported Saturday (April 23). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional […]
March 21, 2022
Amazon remains locked in a protracted legal battle with Reliance Industries to control the fate of Future Group and gain the lion’s share of India’s retail market, according to a...
August 30, 2021
Amazon has asked India’s market regulator, the Securities and Exchange Board of India (SEBI), to withdraw its conditional approval of competitor Future Group’s $3.4 billion assets sale of its retail...
August 06, 2021
India’s Supreme Court on Friday (Aug. 6) affirmed an emergency arbitrator’s decision, sought by Amazon, preventing the planned sale of the Future retail chain to Reliance Industries. Get the Full...
