Four listed firms of the Kishore Biyani-led Future Group on Tuesday expressed their inability to convene a board meeting before May 30 to approve their financial results for the quarter and year ended March 31 on account of vacant positions on their respective boards.
Listed companies of the Kishore Biyani-led Future Group on Saturday informed exchanges about meetings of their respective shareholders and creditors being convened on April 20 and 21 to get their approval for the Rs 24,713-crore deal with Reliance Retail. Listed entities, including Future Enterprises Ltd, Future Retail Ltd, Future Consumer Ltd and Future Supply Chain, informed
Future-RIL deal | Future Group rejects Delhi High Court proposal for entering into talks with Amazon for amicable resolution
Last week, Kishore Biyani said that Amazon’s bid to stall Future Group’s $3.4 billion retail assets sale is similar to Alexander the Great’s “ruthless ambition to scorch the earth.
Future Group Chairman Kishore Biyani.
The Kishore Biyani-led Future Group on February 2 rejected the Delhi High Court s proposal to enter into talks with e-commerce giant Amazon for amicable resolution with the latter in a Rs 24,713-crore deal with Reliance Industries (RIL), according to a report by CNBC-TV18.
The Delhi High Court had proposed the appointment of a two-judge panel to help Amazon and Future Group negotiate a settlement.