FRL INDEPENDENT DIRECTORS HOPE CCI REOPENING THE CASE!

The independent directors of Future Retail (FRL) are "hoping that the Competition Commission of India (CCI) would reopen the case pertaining to Amazon's investment in FRL's promoter firm, which is at the heart of an ongoing dispute between the US-based e-commerce giant and the Future Group over the proposed sale of FRL's assets to Reliance Retail.

"We are hoping the CCI will ask Amazon to resubmit the proposal of their investment into FCPL (Future Coupons Pvt Ltd) and through FCPL into FRL," said Ravindra Dhariwal, an independent director at FRL. "We are asking they reopen it, hear it and understand it and then take a view whether that is competitively kosher or not kosher."

ET

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

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