Singapore arbitrator favours Amazon’s claim, Future-Reliance’s ₹25,000 crore deal put on hold longer

  • 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.


Sign Up for nextbigwhat newsletter

The smartest newsletter, partly written by AI.

Download, the short news app for busy professionals