Browsing Tag
kishore biyani
biyani: Kishore Biyani plans to sell some assets, repay debt partly – Times of India
NEW DELHI: Future Group promoter Kishore Biyani is plotting a comeback in retail space by selling some assets and repaying part of debt even as his flagship company Future Retail (FRL) faces bankruptcy proceedings in the wake of the Rs…
Amazon urges RBI to conduct audit of Future Retail
New Delhi: US e-tailer Amazon has urged the Reserve Bank of India (RBI) to conduct a forensic audit of Future Retail (FRL) for the past three financial years, alleging that the promoters and directors of Big Bazaar parent have committed…
Here is what scuttled Reliance Industries chief Mukesh Ambani’s $3.2 bn deal
It was a contentious plan to repay overseas bondholders in full that brought what would have been India’s biggest retail deal to a grinding halt.
It was a contentious plan to…
ril: Future could face bankruptcy issue after RIL deal failure – Times of India
NEW DELHI: Reliance Industries (RIL) said on Saturday that it has called off the proposed deal to acquire Future Retail’s (FRL) assets for Rs 24,700 crore. At meetings of shareholders and creditors of Future Group companies comprising FRL…
Majority of Future group’s secured creditors reject Reliance deal
Shareholders of the six listed Future Group companies voted on Wednesday. Bankers said all the large lenders had rejected the proposal.
IMAGE: Future group's Kishore Biyani. Photograph: PTI Photo
Majority shareholders and unsecured…
frl: FRL holds shareholders’ meeting for approval of deal with Reliance Retail – Times…
NEW DELHI: Future Retail Ltd (FRL) on Wednesday held a meeting of its shareholders to consider and approve the sale of the company's retail assets to billionaire Mukesh Ambani's Reliance Retail Ventures Ltd. The meeting was chaired by…
future: Bank of India moves NCLT against Future Retail, files insolvency plea – Times of…
NEW DELHI: Bank of India has moved the National Company Law Tribunal (NCLT), filing a petition to initiate insolvency proceedings against debt-ridden Future Retail Ltd. Earlier this month, Future Retail Ltd (FRL) had reported a default of…
SC orders arbitration to resume over Future’s merger with Reliance Retail
The Supreme Court on Wednesday took note of the consent of US e-commerce major Amazon and Future group and ordered the resumption of arbitral proceedings before the SIAC tribunal over Future Retail's merger deal to the tune of Rs 24,500…
Future Retail, Future Enterprises Default On Rs 8,158 Crore Loan Repayments
<!-- -->Two Future Group companies have collectively defaulted on loan repayments worth Rs 8,157.97 croreTwo leading companies of the Kishore Biyani-led Future Group - Future Retail Limited (FRL) and Future Enterprises Limited (FEL) -…