Ltd that prevents Future Group from selling shares of Future Retail to some prohibited entities, including RIL. Amazon indirectly owns about 3.5% in Future Retail after buying 49% of Future Coupons for ₹1,500 crore in August 2019. Mint reported in March that Amazon had assembled a team of blue-chip investors including PremjiInvest, TPG Capital, Verlinvest and SSG Capital to rescue Future Group. However, Harish Salve, the counsel for Future Group, denied at the time that Amazon had made an offer to bail out the retailer. Future group has been battling a severe liquidity squeeze for the past two years.

Source: Mint August 09, 2021 18:56 UTC