Agencies SIAC is adjudicating Amazon's objections against Future Group's Rs 24,crore deal with Reliance Retail Ventures Ltd, a subsidiary of Reliance Industries Ltd, announced in August , for sale of the retail and wholesale business, and the logistics and warehousing business. However, the tribunal has agreed to hear the petition and asked Competition Commission of India CCI , Future Group and others to file a reply within a period of 10 days.
The matter is slated for February 2. They said that the case will be heard on merits which is just before the deadline when Amazon is supposed to pay a fine levied by the Competition watchdog.
Strategy As Amazon to Tesla fight for chips, global semiconductor industry change complexion amid shortage. Subscribe to ETPrime. Read before you invest. Insights on Future Retail Ltd. Explore Now. Find this comment offensive? A link has been emailed to you - check your inbox. Click here to register.
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