Future Group Informs SC: Can't Raise Funds From Amazon

12 January 2022, Mumbai:

Co requests SC to allow it to proceed with RIL deal

Top court reserves ruling in the case

The Future Group told the Supreme Court that it cannot take money from Amazon to bail itself out of a precarious financial situation, as Indian regulations are not conducive for foreign investment in multi-brand retail.

Legal Wrangle

Future Group urged SC to let it get nod from shareholders, CCI, and NCLT for the RIL deal.

Source: ET dt 12-01-2022

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