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Supreme Court stalls $3.4-billion RIL-Future deal, win for Amazon

The case centres around Amazon challenging Future's merger deal with Reliance Retail

Amazon scores big win as Supreme Court stalls Future's $3.4 bln retail deal

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According to legal experts, the Supreme Court’s decision on Friday means that last October’s Singapore arbitrator’s award– that had found merit in Amazon's objections and had restrained Future Retail from proceeding with the merger deal with Reliance Retail – is valid and enforceable in India

Peerzada Abrar Dev Chatterjee Bengaluru & Mumbai

7 min read Last Updated : Aug 07 2021 | 1:57 AM IST

The Supreme Court on Friday ruled in favour of Amazon in a case that pitched the American online major against India’s original retail king Kishore Biyani’s Future Group and Mukesh Ambani’s Reliance Retail, which is set to go big on e-commerce. The ruling puts the $3.4-billion merger deal between Future and Reliance on hold for now.

The top court allowed the appeal filed by Amazon against a Delhi High Court order staying attachment of properties of Future Group companies and Biyani in relation to a Future-Reliance Retail merger deal worth Rs 24,713 crore ($3.4 billion). The Bench of Justices Rohinton

Topics : Amazon Supreme Court Future Group Future Retail Reliance Industries Mukesh Ambani Reliance Retail