Amazon wins arbitration order against Future Group’s deal with Reliance
A Singapore arbitration panel has put on hold Future Group’s $3.38 Bn asset sale to RIL
Amazon last year bought a 49% stake in Future Coupons Ltd, a stakeholder in Future Retail
In August, Reliance decided to buy retail and some other businesses of Future Group for $3.38 Bn
However, Amazon’s funding came with contractual rights that contain a right of first refusal and a non-compete-like pact
Amazon Inc alleged that the deal between the Indian firms breached existing agreements
