E-commerce company Amazon has written to market regulator SEBI regarding the deal matter between Future Group and Reliance Industries (RIL). The deal between Future Group and Reliance Industries (RIL) has been clouded by the crisis. Actually, America’s e-commerce company Amazon has objected to this deal. Along with this, the Singapore arbitration court interim in the deal by writing a letter to market regulator SEBI and the stock markets (BSE and NSE) Urged to keep the decision in mind. Let us tell you that in the interim order, the arbitration court has stopped the review of the deal of Rs 24,713 crore between Future Group and Mukesh Ambani-led Reliance Industries.
Amazon also sent a copy of the order
According to sources in news agency PTI, Amazon has shared a copy of the interim order with the Indian Securities and Exchange Market (SEBI), BSE and the National Stock Exchange (NSE). The Future Group-RIL deal is subject to the approval of various regulatory authorities. This includes the SEBI and Competition Commission of India (CCI).
However, the Bombay Stock Exchange (BSE) will consult the capital markets regulator Securities and Exchange Board on this appeal from Amazon. BSE plans to seek clarification from both Future Group and Reliance after consulting Sebi about the deal.
In fact, last year, Amazon bought a 49 percent stake in a company called Future Coupons Limited. Future Coupons holds a 7.3 percent stake in Future Retail. Amazon says that its investment was made on the condition of the contract that Future Group would talk to it before a sale and deal with someone on its refusal, similarly the two have an agreement not to compete. .