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CCI approves Reliance-Future deal

Nov 20, 2020 19:47 IST

The Competition Commission of India on Friday approved the acquisition of retail, wholesale, logistics and warehousing businesses of Future Group by Reliance. Earlier on October 25, the Singapore International Arbitration Centre (SIAC) gave its judgment in favour of Amazon and stalled the Future-Reliance deal. Jeff Bezos-led Amazon contends that Future Group’s deal with Reliance Retail breached agreements it had with the Biyani-led group. Amazon even wrote to market regulator SEBI, stock exchanges and the CCI and sought the deal to be stalled.

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