On the BSE, Future Retail Ltd''s shares hit the upper circuit of Rs 81.35, rising 4.97 per cent over the previous close
Sebi gave a go-ahead to Future Group's scheme of arrangement and sale of assets to Reliance
Competition Commission of India approved the acquisition of stake in Max Life Insurance by Axis Bank, Axis Capital and Axis Securities
SEBI has advised that Future should share various details of company's ongoing litigation with Amazon when it approaches India's National Company Law Tribunal
The Securities and Exchange Board of India (SEBI) allowed the deal with some riders, five months after it was announced last August
The Jeff Bezos-led e-commerce giant has further urged the markets regulator to direct the Indian Stock Exchanges to do the same
The Court issued a notice in the matter and listed it for further hearing on February 12
The prima facie observations by a single judge are that the US e-commerce giant's attempt to control the Indian entity was violative of FEMA and FDI rules
Delhi High Court sought response of Future Retail on Amazon's plea challenging observations by a judge the US e-commerce giant's attempt to control Indian entity was violative of FEMA and FDI rules
Amazon also urged Sebi about not granting any no-objection in relation to the same and directing the Indian Stock Exchanges not to issue any no-objection/approval letter to Future Retail
This is the sixth instance of the e-commerce giant writing to Sebi on the matter
The court ruled that Amazon's attempt to control Future Retail through a conflation of agreements it has with an unlisted unit of the Indian company will be violative of the FEMA FDI rules
Court prima facie finds suit filed by Future Retail is maintainable, Emergency Award valid, and Future Retail's resolution approving deal with Reliance was also valid
On August 29 this year, the Future Group announced sale of its retail and wholesale business to Reliance Retail in a Rs 24,713 crore deal
Heritage Foods has sold its entire holding representing over 3 per cent stake in Kishore Biyani-led Future Retail for around Rs 132 crore in the open market to mainly repay its long term loans.
Kishore Biyani-led Future Retail Ltd on Thursday accused e-commerce giant Amazon of adopting a media strategy of "having every development reported
Future Retail - one of country's top retailers - has been locked in a bitter dispute with Amazon over its $3.4 billion retail assets deal with Reliance Industries
The company had pleaded that it be excluded from being a party on account of jurisdiction objection
Questions thrown up by the case are salient to decide what sort of money India gets from world markets
The legal counsel of Amazon told the court that it had introduced Samara, an investor to Future and the term sheet was offered to solve its problems