Amazon.com has won an interim order against partner Future Group selling its retail business to Reliance Industries (RIL) for Rs 24,713. The order, passed in a Singapore-based arbitration panel on October 25, effectively puts a pause to the Future-RIL deal. … [Read more...] about Amazon wins interim relief; Future-Reliance Retail deal put on hold
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Reliance deal cannot be held back, Future Retail not a party to Amazon agreement: Future Group
Meanwhile, Reliance Industries Ltd said that it plans to complete the transaction with Future Group "without any delay"."Reliance Retail Ventures Limited (RRVL) has entered into the transaction for the acquisition of assets and business of Future Retail Limited under proper legal advice and the rights and obligations are fully enforceable under Indian Law," it said. … [Read more...] about Reliance deal cannot be held back, Future Retail not a party to Amazon agreement: Future Group
