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
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Freny has been covering antitrust law, M&A and regulations for over a decade, serving as Asia editor at Policy and Regulatory Report. Prior to joining as an editor at Mergermarket, she headed the banking bureau of a leading Indian financial daily, Business Standard. When India privatized the insurance sector, she had her own column in The Observer.