Stay updated with the latest news and articles about Future Retail.
From Big Bazaar's hypermarkets to Brand Factory's discounted fashion, Future Group provides diverse offerings catering to every customer's needs and preferences. Let's have a look at the various companies and brands owned by the Future Group.
Stocks to keep an eye on today: Friday's trading will centre on shares of companies like Adani Group, HDFC Bank, NTPC, Nykaa, Titan, and others.
Future Retail Ltd (FRL) has paid interest on the dollar-denominated notes (USD Notes) listed on the Singapore Stock Exchange in the amount of USD 14 million (about Rs 104.55 crore), the debt-ridden company announced on Friday.
Future Retail asks Amazon to confirm its willingness to fund debt to repay its lenders by January 29 to prevent its debt from being classified as NPAs.
Amazon brought proceedings against Future before a Singapore arbitration panel, and the dispute is also being fought in various Indian legal forums.
The highest court of justice further added that Future could not appeal a lower court's decision against it. People related to the case and knowledgeable about the happenings said the retailer is now asking the top court to hear the challenge.
On August 29, Future Retail had announced that it would “sell by way of a slump sale the retail and wholesale business” of its supermarket chain Big Bazaar, premium food supply unit Foodhall, and fashion and clothes supermart Brand Factory’s retail and wholesale units to Reliance Retail.
Future Retail share price on Monday climbed over 17% after the major deal that came in between reliance and the company a day earlier.
Leveraged to the hilt and struggling to honour repayments to lenders, the poster boy of Indian retail, Kishore Biyani, on Saturday capitulated, selling his Future Group to Reliance Industries.
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