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Amazon wins arbitration order against Future Group’s deal with Reliance

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

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