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The US retail giant wrote yet another letter to the independent directors of the Kishore Biyani-group company in response to a communication sent by Future on Jan 21
Amazon has written to independent directors of Future Retail Ltd (FRL), confirming that Samara Capital "remains interested and committed" to invest Rs 7,000 crore for buying all retail assets of the debt-ridden company and asked the retail firm to furnish existing due diligence reports to Samara by Sunday, according to sources. On January 19, Amazon had approached the
Amazon said the transaction envisaged in the Samara Term Sheet would ensure availability of funds in FRL at the earliest.
Amazon said the transaction envisaged in the Samara term sheet would ensure availability of funds in FRL at the earliest, through an asset sale and an equity infusion.
This 90-year-old bowling alley is in desperate need of a new owner. Lisbon Falls is even willing to help with the redevelopment.