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Reliance Retail Ventures Extends Timeline For Long Stop Date For Future Deal To Sept. 30
India's Future Supply Chain Solutions Posts Dec-Quarter Consol Net Loss
India's Future Supply Chain Solutions March Qtr Consol Net Loss 145.9 Mln Rupees
Future Supply Chain Solutions Limited is an India-based company that offers automated and information technology enabled warehousing, distribution and other logistics solutions to the customers. It offers its customer services in three areas: contract logistics, express logistic and temperature-controlled logistics. Its contract logistics services include analyzing its customers' sector-specific needs, business processes to plan and create a customized supply chain solution. Its express logistics service offering provides customers distribution services using its hub-and-spoke distribution network and its containerized fleet of technology enabled trucks. Its temperature-controlled logistics offering provides product handling solutions for temperature-sensitive perishable products through temperature-controlled warehousing and transportation in its reefer trucks. It serves the customers in various sectors, including retail, fashion and apparel, automotive and engineering and healthcare.
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India's Future Retail Ltd shares fell 9% on Thursday after Amazon.com Inc sent a legal notice to Future Group, alleging the retailer's $3.38 billion asset sale to Reliance Industries breached an agreement with the e-commerce giant.
Mukesh Ambani's Reliance Industries Ltd <RELI.NS> will pay between 240 billion and 270 billion rupees ($3.2-$3.6 billion) to buy the Indian retail chains owned by Future Group, Mint newspaper reported on Tuesday, citing two sources familiar with details of the deal.
* Reliance raised $20 bln in recent months from backers including Google, Facebook
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.