Future Retail Ltd News Today

Amazon claims that the Future-RIL deal was illegally obtained and is a nullity in the eyes of law

Hearing to determine whether the deal between Amazon and Future group should be revoked

Alleges inflated payments to Biyani-controlled group entities and suspicious related party transactions

The Indian agency's notice was to establish whether there were any violations of foreign investment law

Till a detailed verdict, Future Group cannot hold meetings

This deal in which Amazon had invested ₹1,431 crore in FCPL is at the centre of the ongoing dispute between Amazon and Future Retail

Says notice misleads shareholders, SEBI should compel Future Retail to comply with court orders on RIL deal

Seeks to stop Kishore Biyani-group firm from calling for shareholders’ meeting

Singapore Tribunal holds that agreements at the heart of the dispute must be read together

The decision by the NCLT does not mean that Reliance can finally acquire Future Retail because the Supreme Court has stalled any final order or approval

Amazon had objected to the deal because it violated an earlier agreement signed with Future Group.

Mumbai Bench of NCLT gives approval, dismisses Amazon’s objection to the merger