Future Retail can proceed with Reliance deal, but Amazon can approach regulators: Court

Future Retail can proceed with Reliance deal, but Amazon can approach regulators: Court

Mukesh Ambani. Photographer: Simon Dawson/Bloomberg

The Delhi high court permitted Future Retail Ltd (FRL) to proceed with the sale of its assets to a unit of Reliance Industries Ltd (RIL), leaving it to regulators to decide the fate of the deal, while allowing Amazon.com Inc. to approach appropriate forums to oppose the transaction.

In its ruling on Monday, a single-judge bench of the Delhi high court said the ₹24,713-crore transaction between Future group and Reliance Retail Ventures Ltd did not violate any statutory legal provisions, and both parties were free to seek approval for the deal from regulators.

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