Amazon urges Sebi to suspend review of Future-RIL deal
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Last Updated: Jan 15, 2021, 05:50 PM IST
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This is the eighth letter by Amazon to the Securities and Exchange Board of India (SEBI) Chairman Ajay Tyagi since late October.
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Amazon has been opposing Future group s pact with billionaire Mukesh Ambani s RIL that was signed in August last year.
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Amazon has asked Sebi to suspend its review of the Rs 24,713 crore Future-Reliance deal and not grant a no objection certification on the ground that its challenge to the agreement was before the Delhi High Court.E-commerce major Amazon has written to Sebi again, this time apprising it about the admission of its appeal before the division of the Delhi High Court and urged the market regulator to suspend the review of the Future-Reliance Industries Ltd (RIL) deal.
Read more about Amazon urges Sebi not to issue NOC for $3.4 bn Future-Reliance deal on Business Standard. The Jeff Bezos-led e-commerce giant has further urged the markets regulator to direct the Indian Stock Exchanges to do the same
Read more about HC seeks Future s stand on Amazon plea to set aside court s observations on Business Standard. Delhi High Court sought response of Future Retail on Amazon s plea challenging observations by a judge the US e-commerce giant s attempt to control Indian entity was violative of FEMA and FDI rules