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Amazon moves SC against Delhi HC stay order restraining Future Retail deal with Reliance PTI New Delhi | Updated on April 14, 2021 Will ‘defend the matter/proceedings through our legal counsels’: Future Retail Future Retail on Wednesday said Amazon has approached Supreme Court against a Delhi High Court order which stayed a single judge’s order restraining Future Retail Ltd from going ahead with its ₹24,713-crore deal with Reliance Retail to sell its business. "The company's advocates are in receipt of communication dated April 13, 2021, from advocates of Amazon.com NV Investment Hol...

Defaulted amount: ₹300 crore, interest payable: ₹15,16,48,248

Future Enterprises Ltd (FEL) has defaulted on payment of interest on non-convertible debentures (NCDs). The company is unable to service its obligations in respect of the interest on NCDs due on April 12, 2021, Future Enterprises said in a regulatory filing late on Tuesday night. Gross principal amount on which the default has occurred is Rs 300 crore and interest payable was Rs 15,16,48,248. FEL develops, owns and leases retail infrastructure for the Future Group. It handles backend operations of the retail business of the Future Group. Amazon and Future Group are locked in a legal tussl...

Reliance to extend long stop for Future Group deal to September 2021 SECTIONS Share Synopsis "Pursuant to the provisions of scheme and other transaction documents executed in relation thereto, RRVL has in exercise of the right provided thereunder, extended the timeline for Long Stop Date from March 31, 2021 to September 30, 2021," said Future Retail in a statement. Agencies Reliance Retail Ventures Ltd, a unit of Reliance Industries, agreed to buy the retail assets of Future Group on a slump sale basis for about Rs 25,000 crore, it was announced in August with a long stop of 31 March this yea...

ET Stocks NEWS Powered by SBI, Kotak Bank & IRCTC send out sell signal, select smallcap stocks look set to rally, suggests MACD SECTIONS SBI, Kotak Bank & IRCTC send out sell signal, select smallcap stocks look set to rally, suggests MACDBy Share Synopsis The list included HBL Power Systems, Snowman Logistics, Zuari Agro Chemicals, Newgen Software Tech, Muthoot Finance and Dishman Carbogen. These stocks gained up to 14 per cent intraday so far. Getty Images Related NSE Explore Now NEW DELHI: With Nifty50 staging a recovery on Tuesday after five days of fa...