- 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.
[Via]
