Amazon wins interim arbitration order against Future’s deal with Reliance

A Singapore arbitration panel, in an interim relief to Amazon, has ordered the Future group to put its $3.38 bn asset sale to RIL on hold. Amazon had alleged that the deal between the firms breached existing agreements. Amazon owns 49% stake in Future Coupons, which owns a 7.3% stake in Future Retail and has a right of first refusal and a non-compete-like pact. The temporary injunction, however, was not enforceable in India until ratified by an Indian court.

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