Future-RIL deal protects banks from a $2.2-bn hit
4 years, 3 months ago

Future-RIL deal protects banks from a $2.2-bn hit

Live Mint  

Future Group lenders have been saved from a $2.2 billion hit on their exposure to the conglomerate after the company announced a stake sale of its businesses to Reliance Industries Ltd for ₹24,713 crore on Saturday. Post the deal, Mukesh Ambani’s Reliance Retail Ventures will hold a 13.14% stake in Kishore Biyani’s Future Enterprises Ltd and will assume debt of ₹12,500 crore. However, promoter-level debt worth ₹11,900 crore will remain with the promoters, said a person close to Future Group on the condition of anonymity. Future Group had a consolidated debt of ₹12,778 crore as of September 2019, as per the company’s public records.

History of this topic

NCLT Orders Liquidation Of Future Retail
4 months, 3 weeks ago
‘Future promoters eroded ₹60,000 cr of public wealth’
1 year, 10 months ago
RIL among 16 interested in Future Retail’s IBC assets
2 years, 1 month ago
Bid deadline for India’s Future Retail extended due to low interest: Report
2 years, 2 months ago
Amazon's petition against Future rejected; directs to deposit over Rs 200 cr penalty in 45 days
2 years, 6 months ago
NCLT Mumbai Grants Time To Future Retail Ltd. To File Reply In Insolvency Plea
2 years, 7 months ago
RIL Says Future Deal Can't be Implemented After Secured Creditors Voted Against it
2 years, 8 months ago
Future Group Colluding With Reliance To Handover Stores, Amazon Alleges Before Supreme Court
2 years, 8 months ago
Future Retail Plunges 16% In Two Days; Group Shares Hit All-Time Low
2 years, 9 months ago
Banks to take Future to debt recovery tribunal
2 years, 9 months ago
Amazon vs Reliance: Future of retail supremacy in India hangs in balance
2 years, 9 months ago
Reliance takes control of around 200 Future Retail stores, offers jobs to employees
2 years, 9 months ago
Reliance Takes Charge of Future
2 years, 9 months ago
Reliance takes control of Future Retail stores, including Big Bazaar
2 years, 9 months ago
In latest twist, India’s Future Group challenges lenders in court
2 years, 10 months ago
Decoding the multilayered Amazon-Future-Reliance legal drama
2 years, 11 months ago
Future asks Delhi court to quash Singapore panel’s block on RIL deal
3 years, 1 month ago
Reliance Gets NCLT Permission to Seek Creditors’ Nod for Proposed Future-Retail Deal
3 years, 2 months ago
Future Gets NCLT Go-ahead to Conduct Shareholders Meeting for Deal with Reliance: Sources
3 years, 2 months ago
Future Group creditors scramble to recover $2.5 billion loans
3 years, 10 months ago
Setback for Future Group as Delhi HC halts RIL deal
3 years, 10 months ago
Reliance Future Group deal: Amazon gets Indian court to block $3.3 billion retail deal involving Mukesh Ambani
3 years, 10 months ago
Future Retail has requested a tribunal to obtain key permission for its asset sale of $3.4 billion to Reliance Industries
3 years, 10 months ago
Future Retail, Enterprises hit upper circuit after Sebi clears deal with RIL
3 years, 11 months ago
Post-CCI nod, Reliance Industries, Future Group stocks see strong demand
4 years, 1 month ago
RIL-Future Retail deal gets CCI okay
4 years, 1 month ago
CCI approves RIL, Future Retail deal
4 years, 1 month ago
Competition Commission Clears Reliance's Rs 24,713 Crore Deal with Future Retail, Setback for Amazon
4 years, 1 month ago
Amazon Seeks Control of Future Group's Assets Worth Rs 30K Cr with Rs 1,431 Cr Investment
4 years, 1 month ago
Amazon Not Shareholder, No Say in Company Affairs: Future Retail Tells Delhi HC
4 years, 1 month ago
Why Amazon and Reliance are fighting for Future Retail in India
4 years, 1 month ago
Amazon set for face-off with Mukesh Ambani’s RIL for India retail dominance
4 years, 1 month ago
RIL, Future Group stocks under pressure after interim relief to Amazon
4 years, 1 month ago
Future Group Hints it May Challenge Arbitration Award Putting RIL Deal on Hold
4 years, 1 month ago
Singapore court halts Future-RIL retail deal
4 years, 1 month ago
Amazon gets interim relief as Singapore arbitration court pauses Future-RIL deal
4 years, 1 month ago
Amazon open to bailing out Future Group
4 years, 2 months ago
Wait gets longer for lenders to Future
4 years, 2 months ago
Future-Reliance deal sparks arbitration case
4 years, 2 months ago
Amazon drags Future to Singapore arbitration
4 years, 2 months ago
Reliance’s stake sale in retail will allow growth with zero net debt: Moody’s
4 years, 3 months ago
Reliance's Acquisition of Future Group to Strengthen Its Retail Footprint: Moody's
4 years, 3 months ago
Reliance Almost Doubles Retail Footprint with Acquisition of Future Group
4 years, 3 months ago
Future Group Shares Jump after Reliance Deal for Retail Arm
4 years, 3 months ago
Reliance Industries' retail arm RRVL to acquire Future Group businesses for Rs 24,713 cr
4 years, 3 months ago
RIL to buy Future Group’s retail, related units for ₹24,713 crore
4 years, 3 months ago
Reliance Industries buys Future Group business for Rs 24,713 crore
4 years, 3 months ago
Kishore Biyani-led Future Retail pays up $14 million interest
4 years, 3 months ago
Mukesh Ambani's RIL closing in on deal to buy Future Group's retail business
4 years, 4 months ago

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