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Amazon-Future Row: SC Orders Resumption Of Arbitration Over Future Retail Merger With RIL
2 years, 8 months ago

Amazon-Future Row: SC Orders Resumption Of Arbitration Over Future Retail Merger With RIL

ABP News  

New Delhi: The Supreme Court on Wednesday took note of the consent of US e-commerce major Amazon and Future group and ordered the resumption of arbitral proceedings before the SIAC tribunal over Future Retail's merger deal to the tune of Rs 24,500 crore with Reliance Retail Ltd. A bench comprising Chief Justice N V Ramana and Justices Krishna Murari and …

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Amazon urges SC to halt RIL takeover of FRL stores
2 years, 9 months ago

Amazon urges SC to halt RIL takeover of FRL stores

Hindustan Times  

Talks between Amazon and the Future Group aimed at resolving their long-running legal battle over the latter’s proposed $3.4 billion sale of retail assets to Reliance Industries have failed, lawyers for the companies informed the Supreme Court on Tuesday. The bench then asked Harish Salve and Mukul Rohatgi, who appeared for FRL, if the attempt by Future is to make …

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CAIT Says Amazon's Arbitrary Policies to Dominate India's Retail Trade Should End
4 years ago

CAIT Says Amazon's Arbitrary Policies to Dominate India's Retail Trade Should End

News 18  

Trader’s body CAIT on Monday said Amazon’s “manipulative, coercive, arbitrary and dictatorial policies” to dominate India’s retail trade should come to an end, hours after the Delhi High Court passed an order related to Future Group’s proposed asset sale to Reliance Retail, a deal that is being opposed by Amazon. The court rejected Future Retail Ltd’s plea for an interim …

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RIL-Future Retail deal gets CCI okay
4 years, 1 month ago

RIL-Future Retail deal gets CCI okay

Live Mint  

The Competition Commission of India on Friday approved Future Retail Ltd’s asset sale to Reliance Industries Ltd, in a setback for Amazon.com Inc., which had approached the anti-trust watchdog to halt the ₹24,700 crore deal. “Commission approves acquisition of retail, wholesale, logistics and warehousing businesses of Future Group by Reliance Retail Ventures and Reliance Retail and Fashion Lifestyle,” CCI said …

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CCI approves RIL, Future Retail deal
4 years, 1 month ago

CCI approves RIL, Future Retail deal

Hindustan Times  

The Competition Commission of India on Friday approved Future Retail Ltd’s asset sale to Reliance Industries Ltd, in a setback for Amazon.com Inc., which had approached the anti-trust watchdog to halt the ₹24,700 crore deal. The debt-ridden Future Group had agreed to sell various assets of Future Retail to Reliance for ₹24,713 crore in August. “Commission approves acquisition of retail, …

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Amazon open to bailing out Future Group
4 years, 2 months ago

Amazon open to bailing out Future Group

Live Mint  

Amazon Inc. is open to helping debt-laden Future Group bring in a new, financially strong partner or investor if it calls off its ₹24,700 crore deal with Reliance Retail Ventures Ltd, said two people aware of the US e-commerce firm’s plans. “Future Group will be catering faster to RIL’s JioMart customers and not Amazon’s if the deal happens. In a …

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