Amazon and Reliance spar over the assets of Future Group, home to several brands incl Big Bazaar

The war between two retail giants, Amazon and Reliance Retail, is now out in the open and at stake is India’s retail market worth $635 billion, ₹42 lakh crore. See the genesis of the dispute and the likely scenarios that may play out. #futureretail #relianceretail #amazonindia #futuregroup #siac

Sources

Economic Times
Deal with RIL Not in Interest of FRL’s Minority Investors, Amazon tells Sebi; Arijit Barman & Sagar
Malviya; Nov 13, 2020
‘S’pore Court’s Stay Binding in India’; Rasul Bailay & Shambhavi Anand; Nov 12, 2020
Probe Future Retail for Insider Trading, Amazon Tells Sebi; Sagar Malviya & Pavan Burugula; Nov 12, 2020
Future Group Bond Yields Hit 50%; Recent sales took place at 25% discount to the face value; Saikat Das; Nov 12, 2020
‘Amazon-Future Coupons Deal Named 15 Cos as Untouchables’; Sagar.Malviya; Nov 5, 2020
Transfer of Future Retail Stake Also Stayed; Sagar Malviya; Nov 5, 2020
Amazon Said It’s Investing to Strengthen Future Coupons; Sagar Malviya & Chaitali Chakravarty; Nov 2, 2020
SIAC Asks Future to Put RIL Deal on Hold; Sagar.Malviya; Oct 26, 2020
Creditors’ Future Uncertain as Amazon Legal Battle Drags On; Joel Rebello & Saikat Das; Oct 21, 2020
S’pore Court Verdict on Amazon-Future Row Likely by Month-end; Oct 21, 2020
Had No Option Left But to Sell Business to Rel Retail: Biyani; Rasul Bailay & Sagar Malviya; Oct 15, 2020
Future may Argue Cos Involved in RIL Deal Not Party to Amazon Case; Sagar Malviya & Maulik Vyas; Oct 14, 2020
Amazon Drags Future to S’pore Arbitration Forum: US co says retailer breached contract between the two and that planned Future-RIL deal doesn’t have its nod; Sagar Malviya & Maulik Vyas Oct 10, 2020
Amazon Sends Legal Notice to Future Coupons: Says deal breaches contract that stated US firm had the right of first refusal; Sagar Malviya; Oct 10, 2020
Future, Amazon File Caveat Petitions in Bombay High Court; Sagar Malviya & Maulik Vyas; Oct 10, 2020
RIL Deal to Keep Biyani Out of Retail Space for Next 15 Years: Family members also barred, but non-compete clause does not cover home retailing; Rasul Bailay & Sagar Malviya; Sept 3, 2020
Reliance Retail to be 7-Times its Closest Rival: With the addition of about ₹30,000 cr, co’s sales will soar to nearly ₹1,93,000 cr – nearly 30% of India’s organised retail market; Sagar Malviya; Aug 31, 2020
Reliance to Bear ₹19kcr of Future Group Liabilities: Rel Retail to pay Future dues as of March 31, Biyani to pay rest till assets are transferred; Writankar Mukherjee Aug 31, 2020
Future Ent Board Meets Tomorrow to Seal RIL Deal: Acquisition to give Reliance Retail control over a third of India’s organised retail market; Sagar Malviya; Aug 28, 2020
Reliance Retail Surges as Buzz Gets Louder on A ‘Future’ Deal: UNLISTED CO’S SHARES ARE TRADING BETWEEN ₹1,225 AND ₹1,250 apiece off-market; that would value RIL arm upwards of ₹6 lakh crore; Saloni Shukla; Aug 6, 2020
RIL in Talks with Future’s Lenders for 30% Haircut; Discussions involve easier repayment terms, refinancing part of debt for further period of 5-7 years;
Saloni Shukla & Sagar Malviya; July 13, 2020

Mint
Banks lay groundwork for Future debt recast; Shayan Ghosh & Kalpana Pathak; Nov 4, 2020
Ambani versus Bezos: A real fight or just a waiting game? Andy Mukherjee; Nov 4, 2020
Arbitrator order not binding, says Future; Kalpana Pathak; Nov 2, 2020
Amazon may move HC to enforce order; Jayshree P. Upadhyay & Anirudh Laskar; Oct 29, 2020
Amazon-Future tussle could hurt the fortunes of minority investors; Pallavi Pengonda; Oct 27, 2020
Court order pauses Future deal with RIL; Dhirendra Tripathi; Oct 26, 2020
Amazon ready to find Future suitor;Anirudh Laskar Oct 26, 2020
Tata group wants a slice of BigBasket; Swaraj Singh Dhanjal & Deborshi Chaki; Oct 15, 2020
Future-RIL deal protects banks from a $2.2-bn hit There will likely be no haircut for lenders who gave loans for Future’s biz operations; Gopika Gopakumar; Aug 31, 2020

Times of India
CCI approves RIL-Future’s retail biz deal; Nov 21, 2020
Future moves HC on Amazon ‘interfering’ in Reliance deal; Nov 8, 2020
After e-grocery, Tatas eye 1MG stake for epharma biz; Digbijay Mishra; Nov 6, 2020
Aditya Birla Fashion to sell 8% to Flipkart for ₹1,500cr; Digbijay.Mishra; Oct 24, 2020
Aditya Birla Fashion in tie-up talks with Flipkart; Digbijay Mishra; Oct 22, 2020
Amazon sends legal notice to Future on Reliance deal: Says Biyani Breached Terms Of ₹1,431Cr Deal Struck Last Yr; Digbijay Mishra & Madhav Chanchani; Oct 8 2020
RIL’s deal for Future retail biz blocks Amazon; John Sarkar & Reeba Zachariah; Sept 1, 2020
Biyani’s personal debt final item in $3bn RILFuture deal: Besides Retail Biz, Reliance May Buy Minority Stake In FMCG Too; Digbijay Mishra & Madhav Chanchani; Aug 4, 2020

Видео Amazon and Reliance spar over the assets of Future Group, home to several brands incl Big Bazaar канала Bisbo