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24 January 2022, Mumbai:
E-Tailer Wants Samara Cap To Pump 27K Cr Into Indian Co.
Amazon has asked Future Retail (FRL) to provide financial details to Samara Capital for expedited due diligence, as It wants the private equity player to pump Rs 7,000 crore into the Kishore Bivani-promoted company
The cash-strapped retailer, ensnared in a nearly two-year legal battle with Amazon, is staring at default as the grace period for paying Rs 3,500 crore in dues to its lenders ends on January 29. Its total liabilities to lenders aggregate to Rs 9,119 crore for interest and principal repayments up to March 2022.
Amazon has asked Future Retail (FRL) to provide financial details to Samara Capital for expedited due diligence, as It wants the private equity player to pump Rs 7,000 crore into the Kishore Bivani-promoted company
The cash-strapped retailer, ensnared in a nearly two-year legal battle with Amazon, is staring at default as the grace period for paying Rs 3,500 crore in dues to its lenders ends on January 29. Its total liabilities to lenders aggregate to Rs 9,119 crore for interest and principal repayments up to March 2022.
Future Retail (FRL) is staring at default as grace and period for paying Rs 3,500 crore in dues to lenders ends on February 29.
Credits: TOI dt 24-01-2022
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