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Future Retail’s independent directors to turn down Amazon’s request for expedited due diligence : Rashtra News #Future #Retails #independent #directors #turn #Amazons #request #expedited #due #diligence New Delhi | Bengaluru: The independent directors of Ltd. have decided not to accept Amazon’s request to allow private equity fund Samara Capital to conduct an expedited due diligence […]

Future Retail's independent directors have asked e-commerce giant Amazon if it is willing to fund Rs 3,500 crore to repay the retail company's lenders.

Confirm willingness to fund debt owned to lenders: FRL independent directors to Amazon

Future retail was to sell its small-format stores which Amazon objected. It also offered INR 7,000 Cr loan, which FRL seems to have assented.

Future Retail's independent directors have asked e-commerce giant Amazon if it is willing to fund Rs 3,500 crore to repay the retail company's lenders.Notably, the question to Amazon was posted after the e-commerce giant in an earlier letter to ...