Mergers & Acquisitions Mergers & Acquisitions

Comment: Future's M&A deal caught in crossfire between retail giants Amazon and Reliance in India

By Freny Patel
  • 20 Nov 2020 02:51
  • 22 Nov 2020 18:41

The planned acquisition by India’s Reliance Industries of a $3.33 billion stake in Future Group companies is being jeopardized not because of competition concerns but because of the fine print in a non-compete clause signed between US e-commerce giant Amazon and Future last year.

Amazon cried foul when Reliance Industries subsidiary Reliance Retail

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