In August, Reliance Industries announced acquisition of Future Group for Rs 24,713 crore to bolster its fast growing retail business.
The winner in the fight for Future Retail Ltd, Amazon's estranged local partner, will get pole position in the race to meet the daily needs of more than a billion people.
At the center of the case is Amazon's efforts to block Reliance's planned purchase of Future Group's assets
Despite the dispute with Amazon, Future group and Reliance seem determined to execute their nearly Rs 25,000-cr transaction. What is Kishore Biyani left with?
Counsel Harish Salve tells court Future may go bust, thousands may lose jobs due to Amazon's interference
After facing resistance at the 100-day moving average (DMA), placed at Rs 925, L&T has now managed to conquer the level decisively.
From Lakhsmi Vilas Bank getting non-binding offer from Clix to India's richest getting richer amid lockdown, Business Standard brings you the top headlines of the day
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Future would be one of the top contract manufacturers in FMCG, fashion space but with wafer-thin margin
As part of the deal announced on Saturday, Future Group will be selling its retail assets to Reliance Retail in a deal pegged at Rs 24,713 crore
Praveen Khandelwal, secretary general of Confederation of All India Traders said the deal will lead to monopoly and consequently unfair domination by the large player(s)
All that happened in the markets today
The deal between the retail arm of RIL and Future Group has brought back focus on the related stocks. Here are the key levels track before you make an investment in these stocks
Gets scale, massive presence, higher valuation of its retail business, and inherits the entire logistics and distribution chain
RIL may pick up 50% in merged entity
According to a banker close to the development, the lenders have approached India's top retail players to evaluate the possibility of a merger
Future Group sees its biggest crisis after raising high-cost loans from PEs and pledging shares
As per reports, the coronavirus, or COVID-19 outbreak, has impacted the Kishore Biyani-led Future Group's business.
Total income fell 3.07 per cent to Rs 5,208.89 crore during the quarter under review from Rs 5,374.12 crore in the corresponding quarter last year.
Through this transaction, Amazon has managed to acquire around a 3.6 per cent stake in the Future group