Abstract : In August 2019, Amazon agreed to buy 49% of unlisted Future Coupons, a company that owns 7.3 percent of listed Future Retail through convertible warrants and has the option to buy into the flagship Future Retail after 3 to 10 years.
Future Group's retail and wholesale businesses, as well as its logistics and storage businesses, will be acquired by RRVL for Rs 24,713 crore in August 2020. Future Group's retail and wholesale assets would be consolidated into one firm, Future Enterprises Ltd, and then transferred to Reliance Retail under the scheme of arrangement.
