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Cci Accused Amazon Of Concealing Facts And Making False Submissions On Deal With Future Group - फ्यूचर-रिलायंस डील: सीसीआई का आरोप, 2019 में सौदे के समय अमेजन ने छिपाए थे तथ्य

Cci Accused Amazon Of Concealing Facts And Making False Submissions On Deal With Future Group - फ्यूचर-रिलायंस डील: सीसीआई का आरोप, 2019 में सौदे के समय अमेजन ने छिपाए थे तथ्य
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Future Retail is direct beneficiary of Amazon s stake buy in promoter company

Synopsis Amazon filed lawsuits objecting the proposed sell-off saying its 2019 investment agreements in FCPL bars Future Retail from selling its assets to more than a dozen Indian and global entities including Reliance. Getty Images Amazon has told the Supreme Court that Future Retail was direct beneficiary of the ecommerce giant’s 2019 investment into Future Coupons while arguing that Singapore emergency arbitrator’s award putting on hold the Kishore Biyani flagship’s asset sale to Reliance Retail is “valid”. The top court on Tuesday started hearing on the high-profile legal battle between Amazon and Future Retail (FRL). Amazon had invested about ₹ 1,500 crore to purchase a 49% stake in Future Coupons (FCPL), a promoter company that owns about 9% stake in Future Retail.

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