x
side-banner

CCI gives green signal to Reliance-Future Group deal

Shortpedia

Content Team
Image Credit: Shortpedia

Amidst the ongoing legal tussle between Reliance and Amazon over Future Retail deal, the Competition Commission of India or CCI has given the approval to the Mukesh Ambani-led firm to acquire Future Group’s retail, wholesale, logistics and warehousing businesses. The approval from CCI could be a major setback for Amazon which holds a minority stake in Future Coupons, a promoter company of Future Retail.