Amazon moves Delhi HC, seeks Biyani s detention, attachment of assets
The Jeff Bezos-led company has also called for enforcement of the emergency award of the arbitration panel, restraining Future Group from moving ahead with its deal with RIL
BusinessToday.In | January 26, 2021 | Updated 00:22 IST
E-commerce company Amazon has moved Delhi High Court seeking seizure of assets of Future Group founder and CEO Kishore Biyani and his detention in prison for violating Singapore International Arbitration Centre s award by going ahead with its deal with Reliance Industries Ltd (RIL).
The Jeff Bezos-led company has also called for enforcement of the emergency award of the arbitration panel, restraining Future Group from moving ahead with its deal with RIL.
The Indian exchanges said they reached the decision after communicating with India’s markets regulator, the Securities and Exchange Board of India (Sebi)
Future Retail-Reliance deal gets SEBI approval, Amazon says it will continue to fight legally
PTIJan 21, 2021, 08:17 IST
BI India/BCCL
Future Group s scheme of arrangement and sale of assets to
Reliance, based on which the Bombay Stock Exchange also granted its no adverse observation report to the Rs 24,713-crore deal.
Amazon had written several letters to the SEBI and other regulatory agencies to suspend their review of the deal and not grant it a no objection certification on ground that its challenge to the agreement was before the Delhi High Court. The Securities and Exchange Board of India allowed the deal with some riders, five months after it was announced last August.
SEBI Nod, BSE No-Adverse-Observation Status Paves Way For Reliance-Future Deal
Amazon had written several letters to the SEBI and other regulatory agencies to suspend their review of the deal and not grant it a no-objection certification. Twitter Outlook Web Bureau 2021-01-21T11:25:12+05:30 SEBI Nod, BSE No-Adverse-Observation Status Paves Way For Reliance-Future Deal outlookindia.com 2021-01-21T11:32:27+05:30
Future Group s scheme of arrangement and sale of assets to Reliance was given a go-ahead by market regulator SEBI on Wednesday, based on which the Bombay Stock Exchange also granted its no adverse observation report to the Rs 24,713-crore deal.
The Securities and Exchange Board of India allowed the deal with some riders, five months after it was announced last August.