Reliance's $ 3.4bn acquisition of SEBI-approved Future Group assets

Reliance's $ 3.4bn acquisition of SEBI-approved Future Group assets
Reliance's $ 3.4bn acquisition of SEBI-approved Future Group assets

Market regulator Sebi has approved the $ 3.4 billion acquisition of Future Group's retail, wholesale, logistics, and warehousing assets, despite Amazon's objections to Reliance Industries. However, SEBI advised that Future Group should share details of the ongoing litigation with Amazon, seeking approval from NCLT. Amazon alleged that the deal breached its 2019 contract with the promoters of Future Group.

0/Post a Comment/Comments

Previous Post Next Post