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Wednesday, May 18, 2022

Amazon has asked Future Retail to provide financial details to Samara Capital for expedited due diligence, as it wants the private equity player to pump Rs 7,000 crore into the Kishore Biyani-promoted company. The cash-strapped retailer is staring at a default as the grace period for paying Rs 3,500 crore in dues to its lenders ends on January 29. Its total liabilities to lenders aggregate to Rs 9,119 crore for interest and principal repayments up to March 2022.

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