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The Women of Big Bazaar SOS, the composite group of women who work for the Future Group , on Monday appealed to Prime Minister Narendra Modi and sought his support to protect their livelihoods as legal tussle between Amazon and Future Group continues. In a letter to the Prime Minister, the Women of Big Bazaar SOS group said: "Future Retail and Reliance had entered into an arrangement through which Future's retail stores will continue to be operated by Reliance. Reliance has also committed to clear all debts and dues owed by Future Retail to suppliers and vendors." "Since we had been facing tough times during the pandemic, this deal provided us with a lot of hope and confidence for our continued livelihoods. However, Amazon... has tried to stop this tie-up, and consequently our future and that of our families hangs precariously," it added. Read More

Market regulator SEBI gave a go-ahead on Wednesday to Future Group's scheme of arrangement and sale of assets to Reliance, based on which the Bombay Stock Exchange also granted its "no adverse observation" report to the Rs 24,713-crore deal. Reliance Future deal The Securities and Exchange Board of India (SEBI) allowed the deal with some riders, five months after it was announced last August.   ALSO READ: Delhi HC rules Amazon's attempt to control Future violative of FEMA FDI The SEBI has said the litigation pending before the Delhi High Court and arbitration proceedings by the global e-commerce major Amazon contesting the deal should be specifically mentioned by Future Group while seeking shareholders or the National Company Law Tribunal approval, the BSE stated in its observation letter. Read More