India's Future Group's shares surge on suspension of Amazon deal | Business and Economy News
India’s antitrust regulator suspended Amazon’s deal with Future, allowing a deal with competitor Reliance to go ahead.
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India’s antitrust regulator suspended Amazon’s deal with Future, allowing a deal with competitor Reliance to go ahead.
The rally came after the Competition Commission of India (CCI) last Friday suspended a 2019 deal between Amazon and Future Coupons Pvt Ltd (FCPL)
Here's a round-up of all the recent updates on the Amazon vs Future Group case since the Singapore abritration tribuna's order.
The US retail giant said it was bringing these facts to the attention of the independent directors so that they could evaluate and investigate these issues in detail
The approval comes just three weeks after the tribunal allowed the Future group to seek approval of its shareholders and creditors on the merger with Reliance Retail