Amazon confirms Samara Capital ready to invest Rs 7,000 cr in FRL to acquire assets
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5 Articles
Amazon confirms Samara Capital ready to invest Rs 7,000 crore in FRL to acquire assets
Amazon has written to independent directors of Future Retail Ltd (FRL), confirming that Samara Capital "remains interested and committed" to invest Rs 7,000 crore for buying all retail assets of the debt-ridden company and asked the retail firm to furnish existing due diligence reports to Samara by Sunday, according to sources. On January 19, Amazon had approached the independent directors of FRL reiterating its willingness to assist the Mumbai-…
Samara Capital ready to invest Rs 7,000 crore in Future Retail to acquire assets, Amazon confirms in its letter
Amazon has written to independent directors of Future Retail Ltd (FRL), confirming that Samara Capital "remains interested and committed" to invest Rs 7,000 crore for buying all retail assets of the debt-ridden company.
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