Future Group to Raise $167mn via Insurance JV Sale to Generali
India’s Future Group announced that it will be selling a 25% stake in its insurance JV, Future Generali Insurance Company Limited (FGIICL) to JV partner Generali for a cash consideration of INR 12.53bn ($167mn) “plus an additional consideration that is...
Amazon Offers Help to Future Retail; Latter Reject Offer
Amazon offered Future Retail financial aid by writing to the latter’s independent directors that Samara Capital was interested and committed to invest INR 70bn ($942mn) in the troubled retailer. The planned investment involved Samara buying all retail assets of...
Future Retail Said to Miss Dollar Bond Coupon along with Local Debt Payment
India’s Future Retail is said to miss payment on INR 35bn ($471mn) of past-due debt before the grace period expires, along with a $14mn dollar bond coupon, as per sources. The rupee denominated debt payment was missed on December 31, 2021 triggering a 30-day...
