Future Group turns down Amazon’s bailout offer4 min read . Updated: 26 Jan 2022, 07:29 AM IST
According to Future, Amazon’s response failed to offer a correct valuation for the retail major’s assets and give a timeline
Future Retail Ltd on Tuesday formally rejected Amazon’s offer of financial support, saying its asset valuation at ₹7,000 crore is lower than that offered by Reliance Industries Ltd and that it falls far short of what the Indian retailer needs to pay lenders.
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