In Blow To Amazon, Regulators In India Approve Reliance Retail Deal
PYMNTS
JANUARY 21, 2021
In a big setback for Amazon , the Securities and Exchange Board of India has reportedly approved Reliance Retail ’s $3.4 billion acquisition of Future Group ’s retail assets. percent stake in Future Retail. Regulatory battles may remain for the deal. However, the stock exchange put certain conditions on Reliance.
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