After Amazon opted to approach the Supreme Court to stall the FRL-RRIL merger worth Rs.24,700 crore, the Future group has confirmed that it will fight the case legally and ruled out any compromise on the matter. Future Group had also mentioned in a recent interview that Amazon had demanded that Future Retail pay up $40
In a significant decision, the Supreme Court has ordered Franklin Templeton to disburse Rs.9,122 crore to unit holders of the six schemes where redemptions were shut down in April 2020, within 3 weeks. The bench has entrusted SBI MF to disburse the monies to unit holders while allowing the litigating parties to approach
The IPO of Antony Waste Handling was subscribed 15 times on the last day. Like Burger King and Bectors Foods, Antony also saw full subscription in a few hours of opening. However, the final subscription numbers were not as impressive as the QSR names. Antony received bids for 10.03 crore shares against the offer size
Future Retail managed to avert a default by paying the interest of $14 million or approximately Rs.100 crore on its dollar denominated debt. The 30-day grace period was getting completed on 24 August and by paying by the end of the grace period, the company managed to avoid being declared defaulter and a downgrade
