 "Future Group")
FRL's independent directors accept Reliance's bailout offer, reject Amazon
Independent directors of Future Retail Ltd (FRL) have turned down Amazon's offer of financial support to the company through a deal with private equity firm Samara Capital, saying the offer is "plainly an attempt to buy the FRL assets on the cheap".
FRL's independent directors had last week asked Amazon if the e-commerce giant was willing to give a long-term loan to avoid default on repayment of Rs 3,500 crore loan due on January 29. Amazon replied that it was willing to financially assist Future Retail through the Samara Capital deal but the
