Friday, 24 March, 2023

Samara Capital to invest ₹7000cr in FRL, states Amazon

<p>Amazon has informed the independent investors in FRL stating that Samara Capital still &quot;remains interested and committed&quot; to buying all assets of Future Retail Ltd. The debt-ridden company, FRL, was asked to furnish existing due diligence reports to Samara by Sunday, regarding the ₹7,000cr deal. FRL directors had earlier sought assurances from Amazon about the company injecting ₹3,500cr into FRL so the debt-ridden company could pay off its lenders.</p>