- Sai Charan
Reliance To Push On With Retail Deal With Future Group
File Photo: Mukesh Ambani. Image Credit: World Economic Forum from Cologny. Image Licensed Under CC BY-SA 2.0.
Indian conglomerate Reliance has dismissed Amazon's push to delay its acquisition of Future Group despite an arbitration panel suspending the deal following objections by Amazon Inc.
Amazon had alleged that the deal between the two firms breached an existing agreement between Amazon and Future Group.
Reliance said that it would "enforce its rights and complete the transaction in terms of the scheme and agreement with Future Group without any delay".