RIL Buys out Future Group

Photo: Business Standard

RIL Extends Deadline To Complete 'Future' Buyout

Reliance Retail Ventures Limited (RRVL) has officially extended its deadline by 6 months to figure out the nitty gritties of its ₹24,713 crore deal with Future Group. In August 2020, RRVL committed that it would buy out all retail and wholesale business, and the logistics and warehousing business in due time before September 2021. However, due to the future group's ongoing case with Amazon, the deadline has been pushed to March 2022.

Sat, 02 Oct 2021 - 01:45 PM / by Muskan Arora

Tags: Amazon, Future group., Reliance India, RIL

Courtesy: Livemint


Photo: India Legal

Supreme Court Issues Notices To Future Retail, RIL On Amazon's Plea

The Supreme Court on February 22 issued notices to Future Retail and RIL against their Rs 24,713-crore deal, which was objected by Amazon. Giving notices, the apex court stayed a Delhi High Court order that gave a green signal to the deal. The Supreme Court has asked Future Retail and RIL to file their replies within three weeks. Earlier, Amazon objected to the deal on the ground that it holds 49% stake in Future Retail.

Mon, 22 Feb 2021 - 04:14 PM / by Ronit John

Tags: RIL, Future group., Supreme Court of India, Amazon, Kishore Biyani, Reliance

Courtesy: The Economic Times