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Reliance-Future Group Deal: Why’s Amazon Objecting And Is It Likely To Succeed?
Disclosures on shareholders’ agreement between Future Coupons and Future Retail shed light on Amazon’s rights.
13 Oct 2020, 02:36 AM IST ![NDTV Profit](/icons/feather-without-circle.svg)
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![Signage is displayed outside the Amazon facility in the Staten Island borough of New York. (Photographer: Michael Nagle/Bloomberg)](https://media.assettype.com/bloombergquint%2F2020-05%2F1a811676-a64f-41f9-8702-a96bffb7a27c%2F361735236.jpg?rect=0%2C0%2C6305%2C3547&auto=format%2Ccompress&w=200)
Signage is displayed outside the Amazon facility in the Staten Island borough of New York. (Photographer: Michael Nagle/Bloomberg)
Amazon.com Inc. has initiated arbitration proceedings against the Future Group before the Singapore International Arbitration Centre, according to two people privy to the development. The U.S.-based e-commerce major has sent a legal notice to its Indian partner alleging violation of contractual obligations by Future Group.The Rs 27,513-crore deal between Mukesh Ambani’s Reliance Retail Ltd. and Kishore Biyani’s Future Group violates ...
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