Future Group Future Retail

Capital markets regulator Sebi on Thursday slapped a fine of Rs 10 lakh on Future Retail Ltd for making inadequate and delayed disclosure regarding the interim order passed by Singapore International Arbitration Centre (SIAC). The order came after the Securities and Exchange Board of India (Sebi) examined the concerns raised by Amazon.com regarding the Scheme of Arrangement between Future Group and Mukesh Dhirubhai Ambani Group. In its order, Sebi said Future Retail had disclosed the initiation of arbitration proceedings by Amazon before SIAC on November 1, 2020, only after intervention of stock exchanges. The information should have been disclosed within 24 hours of the event -- on or before October 6, 2020 -- as required under the LODR (Listing Obligations and Disclosure Requirements) rules. It was observed that the interim order passed by SIAC on October 25, 2020 was in favour of Amazon, wherein the respondents were injuncted from taking any steps in furtherance or in aid of the

In an order issued in February 2021, the market regulator had restrained them from accessing the securities market for different periods

The debt-laden firm has requested multiple extensions in the past

The penalties were imposed in two parts in accordance with separate sections of the law. Rs 200 crore and Rs 2 crore were thus imposed on Amazon

The All India Garment Manufacturers & Vendors Association (AIGMVA) has demanded that Future Group owner Kishore Biyani should pay up their dues of over Rs 200 crore pending since 2019, here on Wednesday.

Judge says he hasn't expressed any opinion on merits of the arguments raised by the parties; arbitration before SIAC will continue as intended

The Supreme Court said it 'was concerned' that the Future Group was trying to stall the proceedings before the Singapore Arbitral Tribunal

Capri Global Holdings, OP Jindal group's Nalwa Steel and Power, Shalimar Corporation among companies expressing interest

The deadline for submission of expression of interest for debt-ridden Future Retail Ltd (FRL) has been extended by almost two weeks to November 3. As per the modified invitation of expression of interest (EoI) for the Future Group firm undergoing Corporate Insolvency Resolution Process (CIRP), the last date for the prospective buyers to submit their EOI is November 3. Earlier, the last date for the prospective resolution applicants (PRA) for submission of EoI was October 20, 2022. Now, a final list of PRAs will be published on November 20, 2022 and the deadline for the submission of the resolution plan is December 15, 2022, as per the modified invitation for submitting EoI. "It is clarified that the EOIs submitted by all interested prospective resolution applicants... prior to this corrigendum and Modified IEOI shall continue to be considered in the ongoing corporate insolvency resolution process of FRL and need not be resubmitted," it added. PRAs should have a minimum tangible ne

CCI had suspended the 2019 investment deal between Amazon and Future group firm (Future Coupons) and NCLAT had upheld CCI's decision

60% of such claims are from state-owned banks and other creditors, shows data on company's website

Market participants should avoid bottom fishing at the these counters and wait for a fresh trend to emerge.

The battle between Amazon and Reliance over Future Group took another twist when Reliance abandoned its plan to acquire the firm. What would this mean for the retail ambitions of Amazon and Reliance?

SC on Wednesday observed that parties will approach tribunal led by Singapore International Arbitration Centre to resume arbitration proceeding in relation with merger deal of FRL with Reliance Retail

Future Group companies will convene meeting with their respective shareholders and creditors on April 20 and 21 to get their approval for the Rs 24,713-crore deal with Reliance Retail

Amazon has for months blocked the $3.4 billion sale of Future's retail assets to rival Reliance, announced in 2020, citing a breach of certain contracts

New Zealand dairy giant Fonterra Co-operative Group Ltd will wind down its 2018 joint venture with Future Consumer Ltd in the wake of COVID-led disruptions, Future said on Thursday.

Reliance Industries is in the process of transferring 30,000 Future Group employees to its staffing and manpower firm

The Delhi High Court on Tuesday said it will club together and hear all the pending petitions related to the Amazon and Future dispute in connection with the 2019 deal between the firms

3i Infotech, BEL, Dixon Tech, Kotak Bank, Karnataka Bank, Larsen & Toubro, Marico, NIIT, Naukri, Suzlon, United Breweries and Vedanta to announce results today.