 "FILE PHOTO: A bird flies past a Reliance Industries logo installed on its mart in Ahmedabad. Photo: Reuters")
India's Future Retail Ltd communicated with Reliance Industries on an arbitration order related to its dispute with Amazon.com Inc for a "legitimate purpose", the company said on Wednesday.
The comments come after Reuters earlier in the day reported Amazon had asked the Securities and Exchange Board of India (Sebi) to investigate Future for insider trading, alleging the Indian firm disclosed to Reliance price sensitive details of an injunction granted by a Singapore arbitrator to block its $3.4 billion deal with Reliance.
"Proprietary and legality demands that in such an event, the counterparty is informed about the development ... Sebi Regulations too are
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