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The investment is at the centre of protracted legal battles, as Amazon has used the terms of that deal - and cited contract breaches by Future - to stall the $3.4 billion sale of the Indian company's retail assets to a rival.
Although the suspension order from the Competition Commission of India has left Amazon bruised in the battle with Future Group, the e-commerce behemoth does have an option left.
From the Amazon-Future case to OYO’s five-year-old brawl with Zostel, we have jotted down the top seven spats that went ugly in 2021.
Shares of India's Future Group companies surged as much as 20 per cent on Monday after the fair trade regulator Competition Commission of India (CCI) has suspended Amazon's 2019 deal with the group. The antitrust agency has also imposed a Rs 202 crore penalty on the e-commerce major for certain contraventions.
Future Group shares zoom 20% after CCI suspends approval for Amazon's deal with Future Coupons