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Reliance to buy stake in Future Group!

Bapun Raz

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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.

 

Bapun Raz

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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.

 

Bapun Raz

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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.

 
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