Tag: Kishore Biyani

We were fed up with your attitude, had to take RIL offer: Kishore Biyani to Amazon

NEW DELHI: Kishore Biyani, Future Coupons and Future Corporate Resources have said that totally disillusioned and fed up with Amazon’s lackadaisical attitude, they were left with no option but to accept the offer from Reliance Industries Limited (RIL). This communication to Amazon is a response to their notices and addressed on behalf of Future Corporate […]

Future-RIL deal: Amazon gets a favourable ruling in arbitration case

NEW DELHI: Jeff Bezos-led Amazon has won a favourable ruling for its plea in Singapore against Kishore Biyani-headed Future Group striking a deal with Mukesh Ambani-led Reliance Industries Ltd (RIL). Future has been told not to proceed with its sale of shares to RIL till the outcome of the arbitration process, according to the sources. […]

Reliance Industries buys Future Group for Rs 24,713 crore

NEW DELHI: Mukesh Ambani’s Reliance Industries Ltd on Saturday announced the acquisition of businesses of Kishore Biyani’s Future Group for Rs 24,713 crore to add to its fast expanding retail business and bolster e-commerce to take on the competition from Jeff Bezos’ Amazon. “Reliance Retail Ventures Limited (RRVL), subsidiary of Reliance Industries Limited, today announced […]

Future Retail repays $14 million interest to investors, averts default

NEW DELHI: Kishore Biyani-led Future Retail has averted a default as it repaid around $14 million (around Rs 100 crore) interest on foreign bonds to investors. The 30 day grace period for repaying the interest on ‘5.60 per cent Senior Secured Notes due 2025’ was to end on Monday. “Today, we are pleased to inform […]

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