with landlords owning futures stores and sending job offers to 30000 workers from the future group amazons disbelief at the turn of events came through during court hearing last week the american etailers lawyer gopal subramanium said future group told them the deal with reliance will take six months or more to close it has hardly been 48 hours and people are taking over shops he saidbut the drawnout litigation hurt future group the most the two future firms owe 300 billion rupees in total debt on the back of dwindling cash flows and operationsreliance will honor the definitive agreement they signed in the past a person close to the development said who did not want to be identified as the matter is private it has also extended the period for closing the transaction by six months to sept 30treading carefullyanother person familiar with the developments said future group was treading carefully as it doesnt want to unsettle reliance right nowthat tone of measured caution bordering on desperation comes through in the letters sent by future firmswe have always acted with full transparency and have considered reliance group as a partner future retail said in the letter adding that it was hopeful of closing the transaction soon we would therefore request that you do not take any actions against us bloomberg published on mar 9 2022 at 0422 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etretail app get realtime updates save your favourite articles scan to download app amazon reliance future reliance industries ltd mukesh ambani homenewsindustryhow ambani outfoxed amazon in a 34 billion deal dispute