Reliance, Adani among 55 prospective bidders in race for Future Retail
The bankrupt retailer failed to attract resolution plans in previous attempts
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April 2023
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April 2022
Kishore Biyani withdraws resignation as Future Retail executive chairman
Biyani tendered his resignation from his position as the executive chairman of the company on January 23 this year.
Stage set for aggressive bidding at Future Retail
The potential bidders include Reliance Retail Ventures, an Adani joint venture and WH Smith Travel.
Reliance Retail to ramp up fashion, lifestyle arm as store sales rise
RRL has also relaunched Future Group’s department store format Central as Centro in the locations where the lease was taken over by the former.
NCLT orders insolvency proceedings against Future Retail
NCLT has appointed Vijaykumar V Iyer of Deloitte India Insolvency Professionals LLP as the interim resolution professional for the insolvency proceedings against Future Retail.
Future Group: Insolvency looms
Future has a shade over 550 stores left after RIL took over 830 stores for not paying rentals since early 2020. Of these, over 70% are defunct.
Future Enterprises sells 25% in general insurance JV; stock hits 5% lower circuit
Extending loss for the 10th straight session, Future Enterprises shares hit a 5% lower circuit to touch a 52-week low of ₹3.72 on the BSE.
Future Retail hits 5% lower circuit for 2nd day after MD resigns
Future Retail shares have been falling for the past nine sessions and dropped 36% during the same period.
Future group shares plummet up to 36% in 2 sessions after Reliance calls off deal
Future group companies hit their lower-price circuits for the second consecutive day as they failed to secure the ₹24,713 crore deal with RIL.
Future Group shares fall up to 20%; here’s why
Shares of Future Lifestyle and Future Supply Chain nosedived 20%, while Future Retail and Future Enterprises dropped up to 10% after RIL called off the ₹24,713 crore deal.
