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Months before RIL-Future deal, Amazon devised Rs 6,000 cr rescue plan for Biyani's company

Months before RIL-Future deal, Amazon devised Rs 6,000 cr rescue plan for Biyani s company
But Future group says Amazon failed to provide any help to debt-laden company that suffered a massive setback during COVID-induced lockdown. Amazon, on the other hand, says there were ongoing discussions on multiple options with partners and with the promoters of Future
BusinessToday.In | March 3, 2021 | Updated 13:03 IST
Amazon on February 12 moved the Supreme Court (SC) in a bid to block the deal
Even as Amazon Inc and Kishore Biyani s Future Retail are at loggerheads over the RIL-FRL deal, there was one time back in early 2020 when Jeff Bezos-led e-comm giant was making all-round effort to rescue the retail company out of financial troubles. Amazon had devised a plan to invest Rs 6,000 crore in Future Retail in equity and debt. ....

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Amazon demanded $40 million to forego its right of first refusal: Future Group

Amazon demanded $40 million to forego its right of first refusal: Future Group
Kishore Biyani-led homegrown retailer claimed in a submission to the emergency arbitrator that Abhijeet Mazumdar, head of corporate development and private investments at Amazon made a verbal offer to Future Group promoter on behalf of the e-tailer
BusinessToday.In | February 15, 2021 | Updated 13:28 IST
Future Retail that has locked horns with Amazon over its deal with Mukesh Ambani-led RIL said that the US giant asked $40 million to forego its right of first refusal to buy Future Group s assets in its retail unit. The company made the allegations in documents submitted with the Singapore International Arbitration Centre (SIAC). ....

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