Reliance-Future deal: What’s at stake?
The outcome of the Reliance-Future deal is likely to determine the future roadmap of India s lucrative retail sector. While Future Group s Kishore Biyani is hopeful that regulators will rule in favour of the deal, Amazon seems to be in no mood to give up the fight. Here s what s at stake:
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UPDATED: January 11, 2021 16:18 IST
The Reliance-Future deal was halted a few month ago after Amazon secured an arbitration order against it. (Photo: Reuters)
A day ago, Future Group’s chief executive Kishore Biyani said he is “disappointed” with Amazon.com Inc for blocking the deal with Reliance to sell its retail business. Biyani added that the group expects a swift regulatory approval for its Rs 24,713 crore deal to sell retail assets to Mukesh Ambani’s Reliance.