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Singapore arbitrator favours Amazon's claim, Future-Reliance's ₹25,000 crore dea...
source link: https://nextbigwhat.com/singapore-arbitrator-favours-amazons-claim-future-reliances-%e2%82%b925000-crore-deal-put-on-hold-longer/
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Singapore arbitrator favours Amazon’s claim, Future-Reliance’s ₹25,000 crore deal put on hold longer
- A Singapore arbitration panel has rejected Future Retail’s plea, taking its ₹24,713 crore deal with Reliance Retail off the table for a little longer.
- Amazon – which holds about 3% stake in Future Retail through its 49% shareholding in Future Coupons – objected to the deal ever since it was announced in August 2020.
- Singapore International Arbitration Centre in an interim decision had also put off the Reliance-Future deal in October 2020, after which the Future Group filed another plea to revoke it.
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