Amazon moves Supreme Court against $3.4b Future-Reliance deal

Amazon moves Supreme Court against $3.4b Future-Reliance deal

REUTERS/Pascal Rossignol

Amazon on Thursday approached the Supreme Court against Future Group’s $3.4 billion retail assets sale to Reliance Industries. The E-commerce giant termed a Delhi High Court judgment revoking a previous single judge decision blocking the deal “illegal” and “arbitrary”, reported Reuters.

The Delhi High Court had on Monday stayed an order on status quo of the deal and ruling that statutory authorities cannot be restrained from acting in accordance with the law. The order is, however, an interim one and the next hearing is on 26 February.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter