Future group firms receive large orders from Reliance

Future group firms have started getting large orders from Reliance Industries, its CEO Kishore Biyani said in an email to his employees on Tuesday.

The group firms Future Consumer and Future Enterprises have recently received orders from Reliance Industries.

This will be a big support for the cash-strapped future group firms before the completion of Rs 24,713 crore buyout of the country’s second-largest retailer by Reliance Industries’ arm.

Ecommerce major Amazon has raised objections over the deal.

Amazon had dragged Future Group to arbitration at Singapore International Arbitration Centre (SIAC) after a Biyani group firm signed a pact to sell retail, wholesale, logistics and warehousing units to billionaire Mukesh Ambani’s Reliance in August this year.