Friday, 24 March, 2023
Samara Capital to invest ₹7000cr in FRL, states Amazon
<p>Amazon has informed the independent investors in FRL stating that Samara Capital still "remains interested and committed" to buying all assets of Future Retail Ltd. The debt-ridden company, FRL, was asked to furnish existing due diligence reports to Samara by Sunday, regarding the ₹7,000cr deal. FRL directors had earlier sought assurances from Amazon about the company injecting ₹3,500cr into FRL so the debt-ridden company could pay off its lenders.</p>
Read full story at The Times of India
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