The company is «in receipt of resolution plans/bids from 6 prospective resolution applicants in response to the Request for Resolution Plans» said the regulatory filing by FRL without disclosing the names. On Friday, secured lenders rejected Future Retail Limited’s Rs 24,713 crore deal to sell its assets to Reliance Retail Ventures Ltd , a subsidiary of RIL. As many as 49 players including Reliance Retail, Jindal Power Ltd and Adani group have submitted Expression of Interest for acquiring the assets of debt-ridden Future Retail, which is currently going through insolvency resolution process. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. Future Group India-based Future Retail Limited sells various domestic and consumer goods through department stores in multiple configurations. As many as 20 tiny hypermarket easyday outlets and more than 210 supermarket easyday stores are available to the business. Value business and home business are the primary retail models for the company.
Future Group agreed to sell its retail and wholesale divisions and its transportation and storage operations to Reliance Retail for $3.4 billion in August 2020. Customers can rely on Future Retail’s innovative ideas, high-quality items, and reasonable pricing to help them improve their quality of life daily. More than 16 million square feet of retail space and more than 1500 locations serve millions of customers in more than 400 cities throughout all 50 states. Tech Mahindra, UltraTech Cem., Cipla, Divis Labs and Asian Paints were among the top losers on NSE in today’s trade. Bajaj Finance, Hindalco, Tech Mahindra, Apollo Hospital and Infosys https://govtjobconsultancy.in/ were among the top losers on NSE in today’s trade. Pursuant to Regulation 30 of SEBI Regulations, and in accordance with the requirements of sub-clause 16 of Clause A of Part A of Schedule III of LODR, we hereby inform you that the 13th Meeting of Committee of Creditors was held on 03rd April 2023.Kindly take the above information on record. Pursuant to Regulation 30 of SEBI Regulations, and in accordance with the requirements of sub-clause 16 of Clause A of Part A of Schedule III of LODR, we hereby inform you that the 14th Meeting of Committee of Creditors was held on 10th April 2023.Kindly take the above information on record.
‘Amazon Gods Will Have To Come Down,’ Future Retail on Amazon’s Proposal in SC
After roughly 10 million shares are traded in a block transactions, the price of Shriram Financ… Kishore Biyani-led Future Group companies were on a roll, on Monday, with almost all companies touching 20 per cent upper circuit on the BSE intraday in an otherwise weak market. Pantaloons, a fashion business owned by Future Group, was sold to Aditya Birla Group in May 2012 to lower the group’s debt of over 8,000 crores (equivalent to 130 billion or US$1.7 billion in 2020).
Only 6 companies bids for Future Retail, big ones such as Reliance and Adani opt-out
Explore more for Future retail breaking news, opinions, special reports and more on mint. If you require any information or clarification regarding the use of your personal information or this privacy policy or grievances with respect to use of your personal information, please email us at In this segment of Zee Business watch an exclusive conversation with Rakesh Biyani, Joint MD, Future Retail on E-commerce companies. Agarwal said the eastern region contributed 25 per cent of the national sales, adding that West Bengal accounted for 30 per cent of the revenues from the east. The Supreme Court has stayed all the proceedings before the Delhi High Court for four weeks related to implementation of an award by Singapore’s Emergency Arbitrator restraining Future Retail Ltd from going ahead its merger deal with Reliance Retail.
Following a nudge from the finance ministry last fortnight, most govt-owned banks identified companies they would prefer to sell to National Asset Reconstruction Company , the people cited above said. Future Retail Ltd is in the Retail sector having the Market Capitalization of worth Rs. 2,453.84 crores, it is incorporated in the year 2007. It has reported consolidated sales of Rs. 2,014.85 crores in March’2021.