Praxis Home Retail Clarifies No Direct Impact from FRL CBI Case

Praxis Home Retail Limited has issued a clarification regarding a case registered by the Central Bureau of Investigation (CBI) against Future Retail Limited (FRL), its promoters, and others for alleged bank fraud of approximately ₹904.32 crore with State Bank of India. Praxis Home Retail clarified that while its promoter, Mr. Kishore Biyani, is also a promoter of FRL, the allegations pertain solely to FRL's affairs and do not involve Praxis Home Retail's business operations or transactions. The company stated there has been no direct financial or operational impact identified on Praxis Home Retail as a result of this case.