The National Company Law Tribunal (NCLT) on Tuesday allowed Future Group companies to hold meetings of their shareholders and creditors to seek approval for the planned sale of assets to Reliance Retail Ventures Ltd. A...
France’s Avril in talks with Bigard group to sell two pork firms
French agri-food group Avril said on Tuesday it was in exclusive talks with meat group Bigard to sell its majority stakes in pork processing companies Abera and Porcgros. Avril said in April it had decided to withdraw...
Hellman & Friedman raises bid for Germany’s Zooplus to $3.9 billion
Zooplus AG, one of Europe’s largest online pet supplies’ retailers, said on Sunday that Hellman & Friedman has raised its takeover offer for the group to 3.29 billion euros ($3.89 billion) from an initial offer of 3...
FRL-RIL deal: SC asks NCLT, CCI, Sebi not to pass final orders for 4 weeks
The Supreme Court Thursday stayed all the proceedings before the Delhi High Court for four weeks related to implementation of an award by Singapore’s Emergency Arbitrator (EA) restraining Future Retail Ltd (FRL)...
Supreme Court agrees to Future’s early hearing pleas on Delhi HC order against Reliance Retail merger
The Supreme Court on Friday agreed to an early hearing of the Future Group’s appeals against the Delhi High Court’s single judge’s orders. The HC had restrained Future Group from going ahead with the Rs 24,713-crore...
Reliance Retail acquires sole control of Just Dial
Billionaire Mukesh Ambani-led Reliance Retail on Thursday said it has acquired sole control of 25-year-old search and discovery firm Just Dial. The firm’s subsidiary Reliance Retail Ventures Ltd had in July...
Japan’s OK Corp to launch counter bid for Kansai Super Market, Nikkei reports
Japanese supermarket operator OK Corp will launch a counter bid for Kansai Super Market Ltd., which has already agreed to integrate with H2O Retailing, the Nikkei reported on Thursday. OK Corp will attempt to win...
Luxury billionaire Arnault sells out of retailer Carrefour
French luxury goods billionaire Bernard Arnault has sold out of supermarket group Carrefour, the retailer he first invested in 14 years ago and whose potential takeover by Canada’s Couche-Tard unravelled earlier...
Shoppers Stop sells Crossword stores for ₹41.6 cr to ABH
Shoppers Stop Ltd, which runs a chain of departmental stores, is selling its controlling stake in Crossword Bookstores to the owners of Agarwal Business House (ABH) for approximately ₹41.6 crore, as it seeks to focus on...
Future-Reliance deal: Amazon urges Sebi to direct exchanges to withdraw observation letters
US e-commerce giant Amazon has written to Sebi requesting the market regulator to direct stock exchanges to withdraw the ‘Observation Letters’ that were issued related to the proposed Rs 24,713-crore Future...
Future Retail moves SC against HC order on Rs 24,713-cr deal with Reliance
Kishore Biyani-led Future Retail Ltd on Saturday said it has approached the Supreme Court against orders passed by the Delhi High Court to maintain the status quo in relation to its Rs 24,713 crore deal with Reliance...
UK’s Morrisons plans shareholder vote on CD&R deal in early October
British supermarket chain Morrisons, at the heart of a $9.5 billion bidding war, plans to hold a shareholder vote on the offer from U.S.-based private equity firm Clayton, Dubilier & Rice (CD&R) around Oct. 5...
