Page 3 - Future Group

Local vs foreign: How a creditor revolt scuttled RIL's Future Retail deal

FRL's offshore bondholders -- a relatively smaller part of the creditor pool -- were promised 100% payment, while local lenders were asked to take a haircut

Top headlines: Twitter 'to accept' Musk offer, CII predicts GDP growth

Russia-Ukraine war may expose 42% India firms to significant risks, global rating agency Moody's said on Monday. Read this and other important stories this evening.

Future Group to focus on saving, rebuilding firms as Reliance deal rejected

However, Future Group's flagship firm Future Retail Ltd (FRL), which has nearly Rs 18,000 crore debt, is bound to face the corporate insolvency resolution process before NCLT

Future Group shares tank up to 20% as Reliance calls off deal

Future Supply Chain Solutions (down 20 per cent at Rs 37.30) and Future Lifestyle Fashions (down 20 per cent at Rs 29.40) also hit their respective all-time lows in intra-day trade on Monday.

Top headlines: LIC valuation, Ola to recall units, and more

Read out the top news headlines and other important topics for the day and related information in the section below.

Future Group, Amazon set for long court battle as Reliance deal off

Future Retail and Future Enterprises have huge debts and lenders have initiated bankruptcy proceedings against Future Retail

Future group shareholders stare at possible wipeout of investments

Secured lenders get top priority in any potential recovery; Biyani stake fell across group companies as lenders seized pledged shares

Future group on brink of collapse, lenders begin work to take firms to NCLT

Banks have already made provisions for loans give to entities like Future Retail and Future Enterprises

Reliance Retail drops Future Group deal after secured lenders reject it

Kishore Biyani's retail chain was to sell 19 companies for Rs 24,713 crore as part of an agreement announcement in August 2020.

Top Headlines: Omicron sub-variant akin to Delta, EVs could cut forex outgo

Business Standard brings you the top headlines at this hour

Majority of Future Retail secured creditors reject Reliance deal

Shareholders, unsecured creditors back the proposal

Sensex drops 715 pts, Nifty holds 17150 in broad-based sell-off; banks sink

CLOSING BELL: SBI, HUL, IndusInd Bank, Axis Bank, Dr Reddy's Labs, Bajaj Finserv, and ICICI Bank fell in the range of 2-3 per cent

Stocks to Watch: RIL, Paytm, ITC, ICICI Bank, HCL Tech, ONGC, NBFCs

Stocks to watch today: Retail investors' shareholding in Paytm doubled in the March quarter to 7.72 per cent

Top Headlines: LIC IPO size may be cut, India's trade pacts, and more

Business Standard brings you the top headlines at this hour

Future Group lenders reject slump sale proposal to Reliance Retail

Cite 'uncertainty over the entire proposition' for rejecting the proposal

Future group firms complete shareholders, creditors meet over Reliance deal

Several listed Future group firms have completed meetings of their respective shareholders and creditors to approve the Rs 24,713 crore deal to sell their assets to Reliance Retail Ventures Ltd

Amazon-Future case: CCI filing may hinge on power to revoke order

Amazon during the argument questioned the CCI order, arguing it did not have power to suspend or place its own order in abeyance

Top headlines: Action to aid post-Covid recovery, Tatas to offer ESOPs

Business Standard brings you top headlines of the day

Future Retail holds shareholders' meeting to approve sale to Reliance

The meetings have been vehemently opposed by US-based e-commerce giant Amazon, which is contesting FRL's deal with RRVL

Bank of India moves NCLT as lead lender to Kishore Biyani-led Future Retail

BoI's loan exposure to Future Retail is Rs 1,441.62 crore