InvestorQ : What is the latest on the proposed merger of Reliance Retail and Future group?
Arya Nanda made post

What is the latest on the proposed merger of Reliance Retail and Future group?

Answer
image
Anjana Aiyar answered.
2 months ago
Follow

For now, due to the prolonged legal wrangles between Amazon and FEL, Reliance Retail extended the long-stop date for its Rs.24,713 crore deal with Future Group for another 6 months till 31-Mar 2022. Long Stop is an established practice in mergers & Acquisitions. Amazon had then objected to the deal on the grounds that as shareholders of Future Coupons, this deal was against the grain of their contract and it had first right of of refusal.

4 Views