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SAT quashes Sebi's order against Kishore Biyani, others in insider trading caseThe ruling came after the entities challenged an order passed by the Securities and Exchange Board of India (Sebi) in February 2021 that ha...
Anatomy of a retail fight: How the Amazon-Future deal went horribly wrongAmazon.com NV Investment Holdings had in 2019 invested Rs 1,431 crore to acquire a 49% stake in FCPL, which owned about 10% of FRL that ope...
Future Retail's independent directors ramp up attack on Amazon, write another letter to CCIIn their latest letter to the CCI chairman Ashok Kumar Gupta the directors quoted Amazon’s internal communications and said the US giant wa...
Future Retail independent directors claim Amazon deal violates FEMA, FDI rulesThe assertions of Amazon which it has claimed with success in the arbitral tribunal meant Amazon has significant strategic rights over FRL ...
SAT stays Sebi order accusing Future Group promoters of insider tradingOn February 3, Sebi had banned Future Group founder Kishore Biyani, his brother Anil Biyani and Future Corporate Resources Ltd (FCRL) from ...
Sebi bans Kishore Biyani from accessing securities market for 2017 insider trading caseThe Sebi order has explicitly excluded any deal that’s awaiting approval, which means that it won’t pertain to the proposed sale of Future’...
Despite reaching out 8 times Amazon did not help us, says Future Group founder Kishore BiyaniKishore Biyani said Future even held talks with Witzig Advisory Services, Amazon’s joint venture company with Samara Capital, but the ecomm...
Reliance deal only good for Biyani, not minority shareholders of Future Retail, Amazon tells SebiThis new flank of attack on Biyani echoes the concerns of some of Future Group’s institutional investors that have expressed reservations a...
Future Group may argue companies involved in Reliance deal not party to Amazon caseConsequently the transaction cannot be challenged, according to industry sources familiar with Future's strategy, in case of a legal confro...
Stocks in the news: Future Retail, SAIL, NBCC, Grasim, Apollo Hospitals and BSESAIL posted a consolidated net loss of Rs 1,226.47 crore for the first quarter ended June 30, mainly on account of reduced income.
Stocks in the news: Reliance Industries, Future Retail, RBL Bank, Adani Ports, Shree Renuka and SuzlonMore than 100 companies are slated to report their June quarter results on Monday.
Liquidity risk main driver of Future Retail downgrade: Snehdeep BohraThere is a high likelihood of further rating action, says Associate Director at Fitch Ratings.
Fitch downgrades Future Retail, puts co on rating watch listThe downgrade, Fitch said, reflects the heightened risk to FRL's liquidity position.
Fitch downgrades Future Retail, puts company on rating watch listThe downgrade, Fitch said, reflects the heightened risk to FRL's liquidity position due to a sharp fall in its share price.
Coronavirus scare: Kishore Biyani plans stake sale in Future Retail, insurance biz to tide over debt woesBiyani in talks with investors including Premji Invest to sell a large chunk of the promoter stake in FRL
Buy Future Retail, target Rs 512: Prabhudas LilladherAmazon is infusing Rs 1,500 crore for a 3.58 per cent indirect stake in FRL.
Buy Future Retail, target Rs 550: Motilal OswalThe stock trades at ~12 times EV/EBITDA (pre-Ind-AS 116 basis) on a one-year forward basis, much below peers.
Jeff Bezos' retail deal may have a buyout clause for Kishore BiyaniAmazon will buy up to 9.5% stake in FRL giving it an option to take over the company in the future.
- Accumulate Future Consumer Ltd. target Rs 41: Yes Securities
Accumulate Future Consumer Ltd. at a price target of Rs 41.
Future Consumer Enterprise to raise Rs 368 crore from PE, promotersThe company in a filing to the BSE said that its board has approved raising "USD 45 million (about Rs 301.5 crore)" through preferential is...