Amazon sends legal notice to Future Group promoter over deal with Reliance

Amazon sends legal notice to Future Group promoter over deal with Reliance

Photographer: Gabby Jones/Bloomberg

Amazon.com Inc said on Wednesday it has sent a legal notice to a promoter of Future Group, alleging the Indian retailer breached the terms of its contract by signing a deal with Mukesh Ambani’s Reliance Industries.

The online retail giant last year acquired a 49% stake in Future Coupons Ltd, the promoter entity which owns a 7.3% interest in Future Retail, the operator of more than 1,500 stores in India including grocery chain Big Bazaar.

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