Future Group represented by Trilegal in securing CCI approval for Future Coupon’s ₹ 2000 crore investment in Future Retail
By : Legal Era
Update: 2019-04-18 12:05 GMT
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Future Group was advised by Trilegal in relation to the proposed acquisition of 7.30% equity stake in Future Retail Limited (Future Retail) by Future Coupons Limited (Future Coupons), on the competition law aspects of the deal. The Competition Commission of India’s (CCI) approval was secured for the deal.Proceeds of the ₹ 2000 crore investment in Future Retail - the flagship retail entity...
Future Group was advised by Trilegal in relation to the proposed acquisition of 7.30% equity stake in Future Retail Limited (Future Retail) by Future Coupons Limited (Future Coupons), on the competition law aspects of the deal. The Competition Commission of India’s (CCI) approval was secured for the deal.
Proceeds of the ₹ 2000 crore investment in Future Retail - the flagship retail entity of the Future Group operating stores under different brand names including Big Bazaar, Big Bazaar Genext, Hypercity, FBB, easy day, Foodworld, Heritage fresh, Foodhall, eZone, and Nilgiris - are expected to be used to fund the capital requirement of Future Retail for retail network expansion.
An expeditious approval of the deal from the CCI was secured by the Trilegal team without any clock stops in 19 working days.
Representing Future Coupons and Future Retail was the Trilegal team led by Nisha Kaur Uberoi, Partner & National Head Competition assisted by Associates - Gautam Chawla, Counsel, Samali Verma, Rishabh Juneja and Shambhvi Sinha.