Amazon’s willingness to offer financial assistance to FRL including proposed infusion of Rs 7,000 crore led by an Indian-owned and controlled entity structure led by Samara
US e-commerce giant Amazon has again written to independent directors of Future Retail (FRL), including Gagan Singh, Ravindra Dhariwal, and Jacob Mathew, expressing its willingness and ability to help FRL address its financial concerns. This included the solution proposed in the term sheet between Amazon-backed private equity firm Samara Capital and FRL, in which the former contemplated an infusion of Rs 7,000 crore in the Kishore Biyani firm.
Amazon has reached out to FRL in response to the retailer's letter in which the company said that it is willing to accept Amazon’s proposal but under certain conditions, and assessment of
First Published: Jan 23 2022 | 4:02 PM IST