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Future Group, Reliance ignore ruling favoring Amazon to hold $3.4B-deal

Shortpedia

Content Team
Image Credit: Shortpedia

The Future Group on Monday said that it was examining an order to stall a Rs. 24,713 crore (approximately $3.4 billion) asset sale to Reliance Industries Limited (RIL). Billionaire Kishore Biyani's Future Retail Limited (FRL) said that its actions "cannot be held back" after a Singapore-based arbitration court restrained it from selling its retail business to RIL.