The war between two retail giants, Amazon and Reliance Retail, is now out in the open and at stake is India’s retail market worth $635 billion, ₹42 lakh crore. See the genesis of the dispute and the likely scenarios that may play out. #futureretail #relianceretail #amazonindia #futuregroup #siac

Sources

Economic Times
Deal with RIL Not in Interest of FRL’s Minority Investors, Amazon tells Sebi; Arijit Barman & Sagar
Malviya; Nov 13, 2020
‘S’pore Court’s Stay Binding in India’; Rasul Bailay & Shambhavi Anand; Nov 12, 2020
Probe Future Retail for Insider Trading, Amazon Tells Sebi; Sagar Malviya & Pavan Burugula; Nov 12, 2020
Future Group Bond Yields Hit 50%; Recent sales took place at 25% discount to the face value; Saikat Das; Nov 12, 2020
‘Amazon-Future Coupons Deal Named 15 Cos as Untouchables’; Sagar.Malviya; Nov 5, 2020
Transfer of Future Retail Stake Also Stayed; Sagar Malviya; Nov 5, 2020
Amazon Said It’s Investing to Strengthen Future Coupons; Sagar Malviya & Chaitali Chakravarty; Nov 2, 2020
SIAC Asks Future to Put RIL Deal on Hold; Sagar.Malviya; Oct 26, 2020
Creditors’ Future Uncertain as Amazon Legal Battle Drags On; Joel Rebello & Saikat Das; Oct 21, 2020
S’pore Court Verdict on Amazon-Future Row Likely by Month-end; Oct 21, 2020
Had No Option Left But to Sell Business to Rel Retail: Biyani; Rasul Bailay & Sagar Malviya; Oct 15, 2020
Future may Argue Cos Involved in RIL Deal Not Party to Amazon Case; Sagar Malviya & Maulik Vyas; Oct 14, 2020
Amazon Drags Future to S’pore Arbitration Forum: US co says retailer breached contract between the two and that planned Future-RIL deal doesn’t have its nod; Sagar Malviya & Maulik Vyas Oct 10, 2020
Amazon Sends Legal Notice to Future Coupons: Says deal breaches contract that stated US firm had the right of first refusal; Sagar Malviya; Oct 10, 2020
Future, Amazon File Caveat Petitions in Bombay High Court; Sagar Malviya & Maulik Vyas; Oct 10, 2020
RIL Deal to Keep Biyani Out of Retail Space for Next 15 Years: Family members also barred, but non-compete clause does not cover home retailing; Rasul Bailay & Sagar Malviya; Sept 3, 2020
Reliance Retail to be 7-Times its Closest Rival: With the addition of about ₹30,000 cr, co’s sales will soar to nearly ₹1,93,000 cr – nearly 30% of India’s organised retail market; Sagar Malviya; Aug 31, 2020
Reliance to Bear ₹19kcr of Future Group Liabilities: Rel Retail to pay Future dues as of March 31, Biyani to pay rest till assets are transferred; Writankar Mukherjee Aug 31, 2020
Future Ent Board Meets Tomorrow to Seal RIL Deal: Acquisition to give Reliance Retail control over a third of India’s organised retail market; Sagar Malviya; Aug 28, 2020
Reliance Retail Surges as Buzz Gets Louder on A ‘Future’ Deal: UNLISTED CO’S SHARES ARE TRADING BETWEEN ₹1,225 AND ₹1,250 apiece off-market; that would value RIL arm upwards of ₹6 lakh crore; Saloni Shukla; Aug 6, 2020
RIL in Talks with Future’s Lenders for 30% Haircut; Discussions involve easier repayment terms, refinancing part of debt for further period of 5-7 years;
Saloni Shukla & Sagar Malviya; July 13, 2020

Mint
Banks lay groundwork for Future debt recast; Shayan Ghosh & Kalpana Pathak; Nov 4, 2020
Ambani versus Bezos: A real fight or just a waiting game? Andy Mukherjee; Nov 4, 2020
Arbitrator order not binding, says Future; Kalpana Pathak; Nov 2, 2020
Amazon may move HC to enforce order; Jayshree P. Upadhyay & Anirudh Laskar; Oct 29, 2020
Amazon-Future tussle could hurt the fortunes of minority investors; Pallavi Pengonda; Oct 27, 2020
Court order pauses Future deal with RIL; Dhirendra Tripathi; Oct 26, 2020
Amazon ready to find Future suitor;Anirudh Laskar Oct 26, 2020
Tata group wants a slice of BigBasket; Swaraj Singh Dhanjal & Deborshi Chaki; Oct 15, 2020
Future-RIL deal protects banks from a $2.2-bn hit There will likely be no haircut for lenders who gave loans for Future’s biz operations; Gopika Gopakumar; Aug 31, 2020

Times of India
CCI approves RIL-Future’s retail biz deal; Nov 21, 2020
Future moves HC on Amazon ‘interfering’ in Reliance deal; Nov 8, 2020
After e-grocery, Tatas eye 1MG stake for epharma biz; Digbijay Mishra; Nov 6, 2020
Aditya Birla Fashion to sell 8% to Flipkart for ₹1,500cr; Digbijay.Mishra; Oct 24, 2020
Aditya Birla Fashion in tie-up talks with Flipkart; Digbijay Mishra; Oct 22, 2020
Amazon sends legal notice to Future on Reliance deal: Says Biyani Breached Terms Of ₹1,431Cr Deal Struck Last Yr; Digbijay Mishra & Madhav Chanchani; Oct 8 2020
RIL’s deal for Future retail biz blocks Amazon; John Sarkar & Reeba Zachariah; Sept 1, 2020
Biyani’s personal debt final item in $3bn RILFuture deal: Besides Retail Biz, Reliance May Buy Minority Stake In FMCG Too; Digbijay Mishra & Madhav Chanchani; Aug 4, 2020