The Latest Breaking News from Reliance Retail

Future Retail's shareholders' meet to approve Reliance deal is 'illegal': Amazon

NEW DELHI: Amazon has written to Big Bazaar-parent Future Retail alleging that the upcoming meetings of its shareholders and creditors for the approval of the retailer’s proposed Rs 24,700-crore deal with Reliance Retail is “illegal”.

The Times of India · Apr 13, 2022

Amazon-Future dispute: SC asks whether it can pass orders restraining alienation of FRL's assets

NEW DELHI: The Supreme Court on Friday asked whether it can pass any interim order on a plea of Amazon that Future Retail's assets including 'Big Bazaar shops' not be alienated till the dispute over it's merger with Reliance Retail is decided by the arbitral tribunal.

The Times of India · Apr 1, 2022

Future Retail CEO Sadashiv Nayak resigns after 7 months of his appointment

NEW DELHI: Debt-ridden Future Retail Ltd's CEO Sadashiv Nayak has resigned from the post seven months after his appointment, according to a filing.

The Times of India · Mar 31, 2022

Let Reliance, Amazon bid for Future Retail: Banks to SC

NEW DELHI: Pushing for ownership over the litigation mired assets of Future Retail owned by beleaguered Biyani group, a consortium of 27 banks on Thursday told the Supreme Court that the best way out of the present mess is to ask both Reliance Retail and Amazon to make open competitive…

The Times of India · Feb 4, 2022

Amazon-Future case: SC remands dispute back to HC for fresh consideration

In a relief to the Future group, the Supreme Court on Tuesday set aside the previous orders of the Delhi High Court refusing to stay arbitration tribunal decision restraining Future Retail Ltd (FRL) from going ahead with its Rs 24,731 crore merger deal with Reliance Retail.

Dynamite News · Feb 1, 2022

SC remands Amazon-Future dispute to Delhi HC for fresh consideration on merits

Amazon has been opposing the Future group decision to go ahead with the ₹24,731 crore merger deal of Future Retail Ltd (FRL) with Reliance Retail.

The Hindu · Feb 1, 2022

SC to pronounce verdict on pleas of Future group firms in Amazon-Future case

The bench had reserved the judgement and had said that it wanted to send the case back to the Delhi HC to render a finding on the enforceability of the SIAC award restraining FRL's sale of assets to Reliance Retail

The Hindu · Feb 1, 2022

Reliance Retail buys 54% stake in Addverb Tech for $132 million

NEW DELHI: Mukesh Ambani led Reliance Retail has acquired a 54 per cent stake in domestic robotics company Addverb for $132 million (about Rs 983 crore), a senior official of the robotic firm said Tuesday.

The Times of India · Jan 18, 2022