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Future Retail accuses Amazon of blocking its OTR scheme, asks US etailer to pay the lenders

Future Retail accuses Amazon of blocking its OTR scheme, asks US etailer to pay the lenders

Jan 23, 2022, at 06:55 am

Amazon's January 19 letter opposing the sale of small-format stores by Future Retail Limited (FRL) has elicited a terse response from the latter's independent directors, who asked the e-commerce giant to pay Rs 3,500 crore to FRL so that it can repay its lenders, media reports said.