 "RIL-Future deal: BSE to consult Sebi after Amazon's objection, says report")
The BSE will consult the capital markets regulator Securities and Exchange Board of India (Sebi) to seek clarifications regarding Future Retail and Reliance Industries’ $3.4-billion transaction, following Amazon’s objection to the deal, an exchange source said.
Amazon on October 25 won an injunction from a Singapore arbitrator to halt Future’s deal to sell retail assets to Reliance, arguing the Indian retailer group breached certain contract provisions it entered into last year in a separate deal with the US firm.
Both Indian firms reacted to the decision by saying they want to complete the deal “without any delay”. Amazon
Amazon on October 25 won an injunction from a Singapore arbitrator to halt Future’s deal to sell retail assets to Reliance, arguing the Indian retailer group breached certain contract provisions it entered into last year in a separate deal with the US firm.
Both Indian firms reacted to the decision by saying they want to complete the deal “without any delay”. Amazon
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