• The USD notes had a grace period of 30 days for making the payment of interest, stated a regulatory filing from Future Retail, which operates chains such as Big Bazaar and Easyday and Heritage among others.
  • The USD notes had a grace period of 30 days for making the payment of interest, stated a regulatory filing from Future Retail, which operates chains such as Big Bazaar and Easyday and Heritage among others. Future Retail, on January 24, 2022, had said it had a payment of interest due on the USD Notes as its liquidity position had remained affected due to the continued impact of the COVID-19 on its business operations.
  • The company is in a legal fight with ecommerce major Amazon over the sale of retail, wholesale, logistics and warehousing businesses by its promoters and Future group to Reliance Retail for Rs 24,713 crore. The company is in a legal fight with ecommerce major Amazon over the sale of retail, wholesale, logistics and warehousing businesses by its promoters and Future group to Reliance Retail for Rs 24,713 crore.
  • In August 2020, the board of the company had approved the amalgamation of FRL along with other group companies with Future Enterprises Limited to facilitate the Rs 24,713 crore deal. However, e-commerce major Amazon is contesting the deal through its 49 per cent stake in Future Coupons Pvt Ltd (FCPL), which is a shareholder in Future Retail.