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Reuters exclusively reports Amazon tells India regulator its partner is misleading public


Business & FinanceTech

Reuters reported exclusively that Amazon.com Inc has complained to India’s market regulator that its local partner Future Retail Ltd misled shareholders by incorrectly saying it was complying with its contractual obligations to the U.S. e-commerce giant. Amazon is locked in a bitter legal dispute with Future Group, which in August sold its retail assets to Mukesh Ambani-led Reliance Industries Ltd for $3.4 billion. The deal, Amazon alleges, breaches 2019 agreements by Future.

Article Tags

Topics of Interest: Business & FinanceTech

Type: Reuters Best

Sectors: Equities

Regions: AsiaEmerging Markets

Countries: India

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story





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