'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 battl...