Future Retail rebounds 21% from day's low on Amazon bail-out report

Reports suggest, Amazon.com Inc. is preparing a bailout plan for cash-strapped Future Retail if the Singapore International Arbitration Centre (SIAC) rules against a planned takeover by RIL

Shares of Future Group companies were in focus on Tuesday as they rallied up to 17 per cent on the BSE in the intra-day trade on report that Amazon has drawn up blueprint to bailout for cash-strapped Future Retail.

"Amazon.com Inc. is preparing a bailout plan for cash-strapped Future Retail if the Singapore International Arbitration Centre (SIAC) rules against a planned takeover of the Indian retail chain by Reliance Industries Ltd (RIL)," financial daily Mint reported quoting two people aware of the internal discussions at Amazon.

The stock of Future Retail was locked in the 10 per cent