Reliance to buy stake in Future Group!

[Bapun Raz]

Future has its $3.4 billion deal to sell its retail assets to market leader Reliance Industries due to successful legal challenges by Amazon, which argues that Future violated some pre-existing contracts the two sides had struck, by deciding to sell its retail assets to Reliance.

Employees of Future Retail urge top court to clear asset sale in Amazon dispute

Future has its $3.4 billion deal to sell its retail assets to market leader Reliance Industries due to successful legal challenges by Amazon, which argues that Future violated some pre-existing contracts the two sides had struck, by deciding to sell its retail assets to Reliance.

www.moneycontrol.com

 

[Bapun Raz]

Amazon India head Amit Agarwal has been summoned by the Enforcement Directorate next week over alleged irregularities in a deal with Future Group, sources have said. Amazon had bought 49 per cent stake in Future Retail in a deal worth some ₹ 1,400 crore in 2019.

Amazon India Boss Summoned Over Alleged Future Group Deal Irregularities

Amazon India head Amit Agarwal has been summoned by the Enforcement Directorate next week over alleged irregularities in a deal with Future Group, sources have said. Amazon had bought 49 per cent stake in Future Retail.

www.ndtv.com

 

[rahul1117kumar]

https://twitter.com/i/web/status/1465187515409784833

Source

 

[rahul1117kumar]

Amazon has warned India's antitrust body that revoking its 2019 deal with Future Group would send a negative signal to foreign investors and allow local retail behemoth Reliance to "further restrict competition", a legal document seen by Reuters showed.

https://twitter.com/i/web/status/1470800824120971268

Source

 

[rahul1117kumar]

Competition Commission of India (CCI) imposes a Rs 202 crore penalty on Amazon for providing "false and incorrect information" and "suppressing material facts"

https://twitter.com/i/web/status/1471835022147538949

Source

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[piinku1]

Competition Commission of India (CCI) imposes a Rs 202 crore penalty on Amazon for providing "false and incorrect information" and "suppressing material facts"

https://twitter.com/i/web/status/1471835022147538949

Source

Finally Amazon experienced Mota bhae power

 

[Bapun Raz]

As part of the deal between Amazon and Future Coupons, Future Retail would have been able to place its products on Amazon's online marketplace.

Now, Amazon Scores Over Future Retail In Major Court Decision: 10 Points

The Delhi High Court today dismissed Future Retail's plea to declare arbitration proceedings with its warring partner Amazon as illegal. Justice Amit Bansal of the Delhi High Court said the filings were dismissed, without giving any further details.

www.ndtv.com

 

[Bapun Raz]

https://twitter.com/i/web/status/1503731578220195841

Source

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[Bapun Raz]

https://twitter.com/i/web/status/1517511236908642304

Source

 

[saketk11]

https://twitter.com/i/web/status/1517511236908642304

Source

reliance lag gayi.

amazon abhi bhi ro raha hai.

tranl- reliace beaten, amazon crying