Future group expected to make use of CCI order: Amazon India cases quashed

20 December 2021, Mumbai:

TWISTS & TURNS

The Competition Commission of India (CCI) on Friday suspended Amazon's 2019 deal with Future Group following a review of allegations that the US e-commerce giant had concealed information while seeking regulatory approval.

The unprecedented step taken by the CCI could have far-reaching consequences on Amazon's legal battles with now-estranged partner Future.

The US firm has for months successfully used the terms of its toehold $200 million investment in 2019 to block Future's attempt to sell retail assets to Reliance Industries for $3.4 billion.

Source: ET dt 20-12-2021 (The news article has not been edited by DFU Publications staff)

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