Bitter dispute: People walking outside a Reliance complex. The company struggles to complete the transaction for Future Retail in the face of legal challenges mounted by Amazon.com. — Reuters
NEW DELHI: It was a contentious plan to repay overseas bondholders in full that brought what would have been India’s biggest retail deal to a grinding halt.
Debt-laden Future Retail Ltd’s offshore bondholders – a relatively smaller part of the creditor pool – were promised 100% payment in the rescue offer from billionaire Mukesh Ambani, according to people with knowledge of the matter.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
