The Resolution Professional (RP) of Future Retail Ltd (FRL) has filed an application before the NCLT against Kishore Biyani, his brother Rakesh Biyani and eight other entities alleging their involvement in a...
Future Retail resolution professional moves NCLT to seek extension of insolvency deadline till Sept 15
The resolution professional (RP) of Future Retail Ltd has approached the National Company Law Tribunal (NCLT), seeking a further extension till September 15 to complete the corporate insolvency resolution process (CIRP)...
Qatar sovereign fund looking to pick stake in Ambani’s Reliance Retail: Report
Qatar’s sovereign wealth fund Qatar Investment Authority (QIA) is looking to get a minority stake in Indian billionaire Mukesh Ambani’s Reliance Retail Ventures, the Financial Times reported, citing sources...
Qatar Investment Authority looking to buy 1% stake in Reliance Retail
Qatar Investment Authority (QIA), the country’s sovereign wealth fund, is looking to buy a minority stake in Reliance Retail Ventures, Financial Times (FT) reported. It said that QIA is considering a $1 billion...
Australia’s Wesfarmers to merge discount stores Kmart and Target
Australian retail conglomerate Wesfarmers said it will merge the business units of its budget department store Kmart and discount retailer Target as the group attempts to reduce losses amid persistently high inflation...
Novopay to spin off retail biz, focus on banking software
Khosla Ventures-backed Novopay Solutions Pvt. Ltd is in the process of demerging its retail business. The company will now only house its banking software business, which was recently rebranded as ‘Trustt’, chairman...
Radhakishan Damani buys Health & Glow for ₹750 cr
Radhakishan Damani, billionaire investor and founder of Avenue Supermarts that runs the D-Mart chain, has acquired Health and Glow, a Bangalore-based beauty and personal care retail chain from the family offices of...
Reliance Retail plans to buy out minority shareholders
Mukesh Ambani-controlled Reliance Industries Ltd (RIL) is looking to buy out the minority shareholders of Reliance Retail Ltd for a total sum of up to ₹1,071.27 crore and make its step-down retail unit into a fully...
CCI approves acquisition of TCNS Clothing by Aditya Birla Fashion
The Competition Commission of India (CCI) approved the acquisition of TCNS Clothing Co Limited by Aditya Birla Fashion and Retail Limited. The proposed combination involves acquisition of 51 per cent of the expanded...
Neptune Retail to buy Coupons.com-parent for $430 million
Retail marketing firm Neptune Retail Solutions will acquire Coupons.com-parent Quotient Technology for $430 million in cash, the companies said. Quotient’s shares jumped about 17% in the early session and were...
Reliance completes acquisition of 51% stake in Lotus Chocolate Company
Reliance Consumer Products (RCPL), the fast-moving consumer goods (FMCG) arm of Reliance Retail Ventures (RRVL), announced on Thursday that it has finalised the acquisition of a controlling stake in Lotus Chocolate...
Asda owners to announce 10 bln-pound merger with EG UK -Sky News
The owners of supermarket Asda and petrol stations company EG Group will announce a 10 billion-pound ($12.6 billion) merger of their operations in Britain as early as Friday, Sky News reported on Thursday. Asda...
