Future Enterprises chief financial officer Dinesh Maheshwari resigns
Kishore Biyani-led Future group firm Future Enterprises executive director and chief financial officer, Dinesh Maheshwari, has resigned from the company.
Maheshwari's resignation will be effective from December 31, 2020, Future Enterprises said in a regulatory filing.
"This is to inform you that, Dinesh Maheshwari, has resigned as the executive director and chief financial officer of the company with effect from the closure of the business hours on 31st December 2020," the company said in a statement.
Future Group is going through a tumultuous time since it signed a deal with Reliance Industries to sell its retail, wholesale, logistics, and warehousing units.
As per the Rs 24,713 crore ($4 billion) deal, certain Future group companies engaged in retail and wholesale business and the logistics and warehousing business will be merged into Future Enterprises and transferred to Reliance Retail Ventures Ltd (RRVL), a subsidiary of RIL. The move is currently being contested by leading e-commerce major Amazon.
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