(AF) India’s Supreme Court ruled on Friday that Future Retail’s $3.4 billion deal to sell its retail assets to Mukesh Ambani’s Reliance Retail was bound by an arbitrator’s order that put the transaction on hold, the Business Standard reported.
Amazon and Future had been locked in legal battles over the deal, with the US giant accusing the Indian group of violating pre-existing contracts when it sold its assets to rival Reliance Industries, the newspaper said. Full story: Business Standard.
