Amazon urges Sebi to suspend review of $3.4 billion Future-RIL deal

Amazon also urged Sebi about not granting any no-objection in relation to the same and directing the Indian Stock Exchanges not to issue any no-objection/approval letter to Future Retail

E-commerce giant Amazon has again sent a letter to the Securities and Exchange Board of India (Sebi), informing the markets regulator of the formation of the arbitration tribunal at the Singapore International Arbitration Centre (SIAC), while urging it to suspend the review of Future Group’s $3.4-billion deal with Mukesh Ambani-owned Reliance Industries (RIL), revealed sources.

The letter addressed to Sebi Chairman Ajay Tyagi said since the emergency arbitrator of SIAC had passed on order restricting the deal between Future Retail (FRL) and RIL, and the high court (HC) had accepted the justification of the emergency award (EA), any decision taken would