Delhi High Court Halts Future’s $3.4 Billion Deal Following Amazon’s Objections

The High Court of Delhi in India has suspended Reliance Industries’ $3.4 billion deal to acquire Future Group’s retail assets following objections by Amazon that the deal violated contractual agreements, Reuters reported Tuesday. Amazon alleged that the deal violates its own contract with Future Group, Reuters reported. The eCommerce giant filed a petition asking the court to suspend the deal.
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