Future Retail Ltd. has proposed a scheme of arrangement between 20 group entities and Reliance Retail Ventures Ltd. and Reliance Retail and Fashion Lifestyle Ltd.
BSE and NSE ought not to take cognizance of Amazon’s letter or the Emergency Arbitrator’s order, the company has said in an exchange notification.
As part of the information sought by the exchanges, Future Retail has disclosed that Amazon has asked for Rs 1,431 crores plus interest being the amount invested by it into Future Coupons Pvt. Ltd.
An Emergency Arbitrator, constituted under the SIAC Rules, has directed Kishore Biyani’s Future Group to put its transaction with Mukesh Ambani’s Reliance Retail on hold for now. The interim order also directed Future Retail to not file for any regulatory approvals. The arbitral tribunal at the Singapore International Arbitration Centre passed this interim direction after…