Published 4 years ago

Relief for Amazon: Arbitration panel says Future Group can't sell biz to Reliance Industries

Summary by Deccan Herald

Amazon on Sunday won an interim award against its partner Future group selling retail business to Reliance Industries Ltd for Rs 24,713 crore after a Singapore-based single judge arbitration panel put the deal on hold. Amazon had dragged Future to arbitration after the Kishore Biyani group firm had agreed to sell businesses to billionaire Mukesh Ambani's Reliance.

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Times of India

Amazon gets interim relief; arbitration panel says Future cannot sell biz to RIL

4 years ago·India

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Yahoo News

Amazon wins arbitration order against Future's deal with Reliance

A Singapore arbitration panel has put on hold Future Group's $3.38 billion asset sale to Reliance Industries , an interim win for Amazon.com Inc which had alleged the deal between the Indian firms breached some existing agreements. Amazon received an emergency order to halt the companies from proceeding with the deal until an arbitration tribunal is formed, a source with direct knowledge of the matter told Reuters. Amazon last year bought a 4…

4 years ago·Los Angeles, United States

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News18 India

'Intend to Enforce Rights': Reliance Retail after Amazon Gets Favourable Ruling in Future

On Sunday evening, Reliance Retail said in a statement that it intends to enforce its rights and complete the transaction in terms of the agreement with Future group without any delay.

4 years ago·India

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Reuters

Amazon wins arbitration order against Future's deal with Reliance

4 years ago·United Kingdom

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NDTV

Amazon Wins Interim Relief; Future-Reliance Deal Put On Hold

Amazon.com Inc on Sunday won an interim award against its partner Future Group selling retail business to Reliance Industries Ltd for Rs 24,713 crore after a Singapore-based single-judge arbitration panel put the deal on hold.

4 years ago·New Delhi, India

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Indian Express

On Amazon’s plea, Singapore tribunal stalls Future

If Future-RIL decide to go ahead with the deal within the next 90 days, Amazon will challenge and seek enforcement of the arbitration order,” sources said.

4 years ago·India

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