Future Group Latest News | Future Group and Reliance Deal | Future Retail Share Latest News

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RIL deal: Amazon requests NCLT not to permit Future Group shareholders' meet
Amazon has also asked for restraining Future Retail from taking any steps to further the deal with Reliance until the final award is granted in the Singapore arbitrationThe NCLT has reserved the order over the scheme of arrangement that entails the consolidation of Future Group's retail and wholesale business and transferring it to Reliance Industries in the Rs 24,713 crore deal that was announced in August last year.
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The demand comes after reports of alleged violation of foreign investment regulation by the e-commerce giant
A leading group of Indian retailers on Wednesday urged the government to ban the local operations of Amazon.com Inc, after Reuters reported the U.S. e-commerce giant has for years given preferential treatment to a small group of sellers on its India platform and used them to circumvent the country's strict foreign investment regulations.
Future Group Latest News | Future Group and Reliance Deal | Future Retail Share Latest News
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What to say, and what not: 'Sensitive/not for disclosure' Amazon story
Indian traders, both brick-and-mortar and smaller online sellers, have long alleged that Amazon's platform largely benefits a tiny number of big sellers
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