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Big win for Amazon as Supreme Court puts Reliance's $3.4 billion deal with Future Group on hold

Shortpedia

Content Team
Image Credit: Shortpedia

In a major win for Amazon, the Supreme Court of India today put Reliance's $4.4 billion deal to buy Future Group's retail assets on hold. The apex court said Reliance cannot go ahead with its $3.4 billion deal while adding that the Singapore arbitrator's decision to hold the sale of Future Retail is enforceable. Singapore's Emergency Arbitrator Award had restrained Future Group from going ahead with the deal.