Future had inked term sheet with Samara 2 months before RIL deal
Future had inked term sheet with Samara 2 months before RIL deal SECTIONS Share Synopsis Future Group CEO Kishore Biyani told ET in a January interview that he received no help from Amazon despite reaching out eight times to help tide over a dire financial situation, implying he had no choice but to conclude a deal with Reliance. Amazon moved the Singapore International Arbitration Centre (SIAC) against the FRL-Reliance deal. As early as June 30 last year, Amazon-backed private equity firm Samara Capital had signed a non-binding term sheet with Future Retail Ltd (FRL) that entailed a Rs 7,000...
Source: indiatimes.com