US e-commerce giant Amazon has filed a petition in Delhi High Court to quash an ED investigation related to its 2019 investment in a Future Group entity.
The Competition Commission of India (CCI) on Friday slapped Rs.202 crore penalty on Amazon for providing false information and suppressing material particulars in the deal to acquire a stake in Future Coupons Private Ltd (FPCL)
In its filing to BSE, Future Retail said that the company is seeking relief from the Delhi High Court to stay and set aside the impugned order of the SIAC.
Reliance Retail Ventures Limited, has delayed the long-stop deadline for settlement of its 24,713 crore merger with Future Group for a further six months.