Amazon offers helping hand to cash-strapped Future
Business Standard|January 21, 2022
Includes solution proposed in term sheet for ₹7,000-crore infusion
PEERZADA ABRAR

US e-commerce giant Amazon has written to the independent directors of Future Retail (FRL), including Gagan Singh, Ravindra Dhariwal, and Jacob Mathew, reiterating its willingness and ability to assist FRL in addressing any financial concerns, within the framework of the agreements. This includes the solution proposed in the term sheet between Samara Capital, and FRL, which contemplated an infusion of $7,000 crore in FRL.

The letter has also been sent to the top executives at Union Bank of India, Bank of India, State Bank of India, Bank of Baroda, Central Bank of India, Punjab National Bank, UCO Bank, and Indian Bank.

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