Amazon to CCI: Future Deal, Did not hide any facts

14 December 2021, Mumbai:

Amazon India has told the Competition Commission of India (CCI) that it did not hide any fact related to its deal with Future Group and that its investment in Future Coupons was compliant with foreign investment laws. people aware of the development said.

The Indian arm of the US ecommerce major had a hearing with the antitrust regulator on Monday where its senior officials answered queries from CCI on the Future deal, a person aware of the matter told ET.

"They reiterated that if the deal is scrapped, it will be anti-competitive and will benefit rivals here (without naming Reliance Industries that has signed a deal to buy Future Retail)

ET (The news article has not been edited by DFU Publications staff)

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