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

By Freny Patel ( November 20, 2020, 08:21 GMT | Comment) -- 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. That dispute is now subject to an order by a Singapore Emergency Arbitrator, but Future is challenging any delay on closing the deal in the Delhi High Court – all this as the Competition Commission of India has a 30 working day window to complete its initial assessment of the deal. 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....

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