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Amazon gets favourable ruling, Future-Reliance deal put on hold by Singapore Court

Shortpedia

Content Team
Image Credit: Shortpedia

E-commerce major Amazon has got a favourable ruling in Singapore regarding the Reliance Retail's buyout of the debt-laden Future Group as the deal has been temporarily stalled. The arbitration panel, in an interim order, has directed the Kishore Biyani-led Future Group not to proceed with the deal with Reliance Retail for now. Last year, Amazon acquired a 49 per cent stake in Future Coupons, a Future group entity.