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₹ 14,123Sebi has fined Rs1cr on Future Corporate Resources and the two Biyani brothers.
In the latest verdict, the Delhi HC gave green signal to Future Group to go ahead with the scheme of arrangement with Mukesh Ambani's R
The Future Group - RIL deal has received approval from CCI and market regulator SEBI.
Sebi approved the deal on January 20, however, listed out few conditions in accordance with the Composite Scheme of Arrangement.
RIL will acquire Future Group's retail businesses on a slump sale basis for lumpsum aggregating of Rs24,713cr.
Last week on October 25, FRL said, the Emergency Arbitrator pronounced its award on Amazon's application for interim relief.
Amazon claimed that the Kishore Biyani-backed group violated an investment contract when it agreed to sell retail assets to RIL's retai
RIL will acquire Future Group's above-mentioned businesses on a slump sale basis for lumpsum aggregating of Rs24,713cr.
Notably, the RIL and Kishore Biyani-led Group's acquisition buzz has been circulating since the start of this month.
The fund will be raised without making any changes in holding in the listed retail companies.
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