ADVERTISEMENT

Amazon Tries To Block Future's Asset Sale To Reliance After Indian Regulatory Approval

In October, the arbitrator issued an interim order saying the deal should be put on hold.
In October, the arbitrator issued an interim order saying the deal should be put on hold.
Amazon.com Inc has requested an Indian court to block partner Future Group's $3.4 billion deal to sell its retail assets to Reliance Industries, in its latest attempt to derail the deal, a court filing seen by Reuters showed. Amazon has asked the High Court in New Delhi to enforce the decision of a Singapore arbitrator, which both sides had agreed to use in case of disputes, the filing showed. In October, the arbitrator issued an in...
Register for Free
to continue reading
OUR NEWSLETTERS
By signing up you agree to the Terms & Conditions of NDTV Profit