Trade Hits: 967

Amazon.com Inc and India's Future Group bitter legal tussle with no end in sight

Trade Hits: 967
Amazon.com Inc and India's Future Group bitter legal tussle with no end in sight
Trade Hits: 967

For more than a year, Amazon.com Inc and India's Future Group have been locked in a complex legal stand-off that has stalled Future's $3.4 billion sale of assets to the U.S. firm's rival Reliance Industries - with no end in sight.

Amazon Vs Future Retails- Delhi High Court Rejects Future Retails's Plea For Interim Injunction Against Amazon-Read Order

Here's what the dispute, seen as key to deciding who gets an upper hand in one of the world's fastest-growing retail markets, is all about.

WHAT TRIGGERED THE DISPUTE?

In 2019, Amazon and Future, the number two player in India behind market leader Reliance, became business partners when the U.S. company invested $200 million in a gift voucher unit of the Indian group.

BUSINESS STANDARD 

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

 

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