 "big bazaar, future retail, future group")
The Securities and Exchange Board of India’s (Sebi) approval for Future Retail’s $3.4 billion deal with Reliance Industries is subject to court decisions, said Amazon on Thursday.
The market on Wednesday approved Future Group's scheme of arrangement and sale of assets to Reliance. Based on this, the Bombay Stock Exchange also granted its "no adverse observation" report to the deal.
"The letters issued by BSE and NSE (National Stock Exchange) clearly state that comments of Sebi on the ‘draft scheme of arrangement’ (proposed transaction) are subject to the outcome of the ongoing Arbitration and any other legal proceedings,” said Amazon. “We will continue
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