Supreme Court reserves verdict on Amazon’s pleas against Future-Reliance deal
NEW DELHI: The Supreme Court Thursday reserved verdict on the pleas of e-commerce giant Amazon against the Rs 24,713 crore deal for merger of Future Retail Ltd (FRL) with Reliance Retail. Amazon.com NV Investment Holdings LLC and FRL are embroiled in a bitter legal fight over the deal and the US-based firm has sought in […]
Amazon moves Supreme Court against Delhi High Court stay order restraining Future-Reliance deal
NEW DELHI: Future Retail on Wednesday said Amazon has approached Supreme Court against a Delhi High Court order which stayed a single judge’s order restraining Future Retail Ltd from going ahead with its Rs 24,713 crore deal with Reliance Retail to sell its business. “The company’s advocates are in receipt of communication dated April 13, […]
SEBI approves Future-Reliance deal
NEW DELHI: Despite exhortations by Amazon, markets regulator SEBI has approved the deal between Future Group and Reliance Industries. SEBI, in a letter issued on Wednesday, approved the deal subject to a number of conditions in the Composite Scheme of Arrangement. The BSE on its part said that it has no adverse observations on the […]
Future, Amazon continue fight; write to Sebi over Future-Reliance deal
NEW DELHI:Continuing their letter fight, Amazon and Future Group have written to market regulator SEBI with contrasting requests over a Rs 24,713 crore buyout of assets of India’s second-largest retailer. Future Group has requested SEBI to expedite the review of the proposed deal and issue a no-objection certificate, while Amazon has urged that the review […]