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Indian regulator Securities and Exchange Board of India (SEBI) approved Reliance Retail’s (RRVL) acquisition of Future Retail on Wednesday after Amazon had earlier <a href="https://bondevalue.com/news/amazon-requests-sebi-futures-bonds-fall/?utm_campaign=BEV%20Newsletter&amp;utm_source=hs_email&amp;utm_medium=email&amp;_hsenc=p2ANqtz-9fW-KM4eqNRPPlTxGm5D4eUOx1sLQUmgPbCNZonij5A4yz2IAG86VSi2T236Q2CPkhodB4" target="_blank" rel="noopener noreferrer">requested SEBI not to okay the deal</a>. Indian stock exchange BSE granted a ‘no adverse observation’ report on the listing or de-listing requirements and the company can file the acquisition with the National Company Law Tribunal (NCLT). SEBI approved the deal with some riders – Future Enterprises should highlight that 74.2% of its…

India

Future Enterprises Limited owns and operates retail stores. The Company offers  a variety of household, consumer and fashion products and also engaged in manufacturing of garments. Future Enterprises is based in India.

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