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RBL Bank is seeking buyers for loan exposure to Future Corporate Resources Pvt Ltd, holding a majority stake in Future Coupon

10 December 2021, Mumbai:

FUTURE Corporate Resources among 25 co loans the lender plans to sell.

RBL Bank is seeking buyers for its 105-crore loan exposure to Future Corporate Resources Pvt Ltd (FCRPL), which holds a majority stake in Future Coupon, a 51:49 joint venture with Amazon, said people with knowledge of the matter.

FCRPL is among 25 corporate loans for which RBL is seeking offers, the people said. The decision to sell it co- "The comes in the wake of considerable de- has been lay in the two-stage merger of 19 Fu- and yet t ture Group companies with Future melines, Enterprises, followed by a slump sa- aware of le to Reliance Group entities.

RBL is the first private bank to invi- te offers for a Future company. Over with the a dozen lenders have a cumulative lo- king to b an exposure of over 25,000 crore to Reliance companies of the Kishore Biyani promoted group.

Source: ET dated 10-12-221 (The news article has not been edited by DFU Publications staff)

 

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RBL Bank is seeking buyers for loan exposure to Future Corporate Resources Pvt Ltd, holding a majority stake in Future Coupon

Amazon-FRL case: The SC grants two weeks time to Amazon Competition Commission of India (CCI) hearing

30 November 2021, Mumbai:

Amazon-FRL case: The SC grants two weeks time to Amazon Competition Commission of India (CCI) hearing. 

Supreme Court of India : fair or biased - iPleaders

The Supreme Court on Monday gave two weeks to Amazon to file its response to a petition filed by a promoter firm of Future Retail in the Competition Commission of India (CCI), providing the US ecommerce major a breather in a case that the antitrust watchdog was supposed to wind up this week.

The apex court, however. refused to interfere further in the Delhi High Court's November 16 ruling, which had asked the CCI to dispose of the case within two weeks.

The Confederation of All India Traders had approached the high court with a public interest litigation, seeking a direction to the CCI to expedite its ruling in a March application filed by Future Coupons (FCPL).

Future group-Amazon feud: FRL's independent dirs urge CCI to revoke  approval for Future Coupons deal- The New Indian Express

Amazon and the Future Group did not respond to ET's queries till press time Monday.

ET 

(The news article has not been edited by DFU Publications staff)

Competition Commission to have regional presence; more streamlined  processes: CCI chief - The Financial Express

 

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

 

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Amazon-FRL case: The SC grants two weeks time to Amazon Competition Commission of India (CCI) hearing

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