Amazon Goes To Supreme Court In Battle Over Future Group-Reliance Deal

Thursday, 11 February 2021Newsdesk

Amazon has approached the Supreme Court seeking to stop Future Group's $3.4 billion retail assets sale to Reliance Industries, days after the Delhi High Court revoked a previous single judge decision that effectively blocked the deal. The high court order was, however, an interim one and the next hearing is on February 26.

New Delhi, 11 February 2021

As per news report of NDTV, the high court allowed procedures before the Competition Commission of India and the Securities and Exchange Board of India to go ahead, a move opposed by Amazon, which said once the matter goes through the regulators then there could be no return. Amazon in its petition to the Supreme Court said the high court should have waited for a detailed order of the single-judge bench before removing the hold on the deal.

Source -NDTV