Samara Capital made a term sheet to acquire Retail Assets from Future Retail Limited (NSEI:FRETAIL) for INR 7 billion on January 21, 2022. Amazon has again written to independent directors of Future Retail (FRL), including Gagan Singh, Ravindra Dhariwal, and Jacob Mathew, expressing its willingness and ability to help FRL address its financial concerns. Amazon has reached out to FRL in response to the retailer's letter in which the company said that it is willing to accept Amazon's proposal but under certain conditions, and assessment of the proposal will be subject to FRL's legal obligations.

Amazon has also sent the letter to top officials, including Ajay Tyagi, chairman, Securities and Exchange Board of India (SEBI), Ashok Gupta, chairman, Competition Commission of India (CCI), Sanjay Kumar Mishra, director, Enforcement Directorate, and G Mahalingam, whole-time member, Sebi. It has also been sent to top executives at Union Bank of India, Bank of India, State Bank of India, Bank of Baroda, Central Bank of India, Punjab National Bank, UCO Bank, and Indian Bank.