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Amazon urges Sebi not to issue NOC for $3.4 bn Future-Reliance deal

The Jeff Bezos-led e-commerce giant has further urged the markets regulator to direct the Indian Stock Exchanges to do the same

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The Delhi High Court (HC) on Wednesday served a notice on Future Retail (FRL), Reliance Retail, and the Biyanis, seeking their views on a plea by Amazon|(Bloomberg)

Peerzada Abrar Bengaluru
Equipped with the notice from the Delhi High Court, Amazon has sent another letter to the Securities and Exchange Board of India (Sebi), requesting it not to issue a ‘no-objection certificate’ (NOC) to the $3.4 billion Future Retail-Reliance Industries deal and suspend the review immediately. The Jeff Bezos-led e-commerce giant has further urged the markets regulator to direct the Indian Stock Exchanges to not to issue no-objection or approval letter to Future Retail.

“In view of the directions in the operative part of the Interim Award, we request your good offices to take action by inter alia: (i) suspending review