Future Retail is engaged in legal fight with online retail tech titan Amazon for its deal with Reliance. In continuation of series of events related to this matter, Independent Directors of the company who were approached by the Amazon saying it is willing to assist Future Retail in addressing any financial concerns within the framework of agreements and propose a deal between a private equity firm and Future retail for infusing capital and sought access to conduct due diligence of Future Retail in an expedited manner, subject annulment of Reliance – Future deal, are set to decline the offer on grounds that Amazon hasn’t clarified to them how the proposed transaction is legally tenable and that Amazon has not yet ‘shown them the money.'
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