Page 38 - Future Group News Today

However, Future Groups flagship firm Future Retail Ltd (FRL), which has nearly Rs 18,000 crore debt, is bound to face the corporate insolvency resolution process before NCLT, , future group, kishore biyani

Secured creditors of Future Group voted against the scheme of arrangement with Reliance.

Reliance Industries Limited (RIL) has called off the deal with Future Retail Ltd (FRL) after FRLs secured creditors voted against the scheme.

New Delhi: The UGC and All-India Council for Technical Education have issued a public notice saying Indian job market would not be open for those who seek educational qualifications in Pakistan. PTI

MUMBAI: India’s top retailer Reliance on Saturday called off its $3.4 billion deal with Future Group, saying it “cannot be implemented” after Future’s secured creditors rejected it. The deal was at the center of legal battles since 2020 after Future’s partner Amazon.com Inc. legally blocked it, citing violation of certain contracts. Future denied any wrongdoing. In a stock

Reliance says merger with ‘cannot be implemented’ after Kishore Biyanis secured creditors scupper deal

Reliance Industries Limited is an Indian multinational conglomerate company, headquartered in Mumbai. It has diverse businesses including energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles.

India's top retailer Reliance called off its $3.4 billion deal with Future Group, saying it "cannot be implemented" after Future's secured creditors rejected it.

In a big move, a majority of Future Retail's lenders have voted against the INR 24,713 crore asset sale deal to Reliance.

Decision after secured creditors gives a thumbs down