Future Retail

Future Retail denies Amazon charges of facilitating 'fraudulent stratagem'

FRL says it has already made necessary disclosures on termination of leases, and has provided related updates

4 Future Group companies to not release results for Jan-March quarter

In April, Future Enterprises Ltd's two independent directors Anand Chndrasekaran and Malini Chopra had resigned

Earnings announcements of Future Retail, Future Lifestyle to be delayed

In the last two months, Future Retail Ltd, the flagship firm of Kishore Biyani-led Future Group, witnessed several top-level exits after the Rs 24,713-crore deal with Reliance Retail was called off

Amazon accuses Future independent directors of 'fraudulent stratagem'

Amazon dragged Future Group to arbitration at SIAC in October 2020, arguing that FRL had violated their contract by entering into a deal for sale of its assets to Reliance Retail

Debt-ridden Future Retail's Chief Financial Officer C P Toshniwal resigns

Last week, Future Retail's Managing Director Rakesh Biyani stepped down, while officials including the company secretary of the debt-ridden firm tendered resignation

NCLT allows Future Retail more time to file reply to insolvency plea

Amazon moves application, says Future Retail and banks are colluding to deny its rights.

InGovern, others approach Sebi; seek forensic audit of Future Group firms

In its letter, InGovern said many directors and key management personnel have resigned in the past year

Future Retails slips 5% for 8th straight trading day; stock hits new low

CARE Ratings has moved ratings of the company's instruments and facilities to "issuer not cooperating" category.

Future Retail MD Rakesh Biyani steps down, Company Secretary resigns

The Future Group flagship firm is facing an insolvency petition by its lenders before the National Company Law Tribunal

NCLT adjourns the insolvency plea against Future Retail to May 12

Earlier this month, BoI had filed insolvency proceedings against Future Retail for non-payment of dues

NCLT gives Future Retail time till May 12 to file reply on insolvency plea

The NCLT gave crisis-hit Future Retail Ltd (FRL) time till May 12 to submit its reply to the insolvency petition filed against the company by Bank of India.

S&P lowers ratings for Future Retail overseas bonds to 'highly vulnerable'

About Rs 100 crore cash, cash equivalents already eroded

Future Group shares continue to fall for second day; down up to 20%

With the proposed deal with Reliance falling through, investors have been dumping the shares of Future Group since Monday even as the broader market made substantial gains

Jeff Bezos vs Kishore Biyani 2.0: RIL may pick up FRL through insolvency

The tactic is not new for Reliance. In 2020, Reliance Industries acquired 37.7% stake in textile manufacturer Alok Industries Ltd for Rs 250 cr.

Local vs foreign: How a creditor revolt scuttled RIL's Future Retail deal

FRL's offshore bondholders -- a relatively smaller part of the creditor pool -- were promised 100% payment, while local lenders were asked to take a haircut

Future Group to focus on saving, rebuilding firms as Reliance deal rejected

However, Future Group's flagship firm Future Retail Ltd (FRL), which has nearly Rs 18,000 crore debt, is bound to face the corporate insolvency resolution process before NCLT

Future Group shares tank up to 20% as Reliance calls off deal

Future Supply Chain Solutions (down 20 per cent at Rs 37.30) and Future Lifestyle Fashions (down 20 per cent at Rs 29.40) also hit their respective all-time lows in intra-day trade on Monday.

Future group shareholders stare at possible wipeout of investments

Secured lenders get top priority in any potential recovery; Biyani stake fell across group companies as lenders seized pledged shares

Future group on brink of collapse, lenders begin work to take firms to NCLT

Banks have already made provisions for loans give to entities like Future Retail and Future Enterprises

Reliance calls off deal with Future after secured creditors reject it

A majority of the secured creditors voted against the resolution.