New Delhi Veteran e-commerce company Amazon has written a letter to market regulator Sebi and the stock markets. According to sources, in this letter, the company has urged SEBI and the stock markets to take into account the interim decision of the Singapore arbitration court in the deal case involving Future Group and Reliance Industries (RIL). The arbitration court in its interim order, while reviewing the Rs 24,713 crore deal between Future Group and Mukesh Ambani-led Reliance Industries, has stayed it.
According to sources, Amazon has shared a copy of the interim order with the Indian Securities and Exchange Market (SEBI), BSE and the National Stock Exchange (NSE). The proposed deal between Future Group and RIL is subject to the approval of various regulatory authorities. It also includes the approval of SEBI and Competition Commission of India (CCI).
Also Read: Amazon Wins Interim Order, Future-Reliance Retail Deal Stalled
According to sources, Amazon has written that given the importance of contract-related obligations, it is important that SEBI and other authorities keep in mind the interim order of the Singapore arbitration court while reviewing the proposed deal. Amazon denied any comment about this.
On Sunday, the Singapore-based single judge’s arbitration forum delivered an interim verdict in favor of Amazon and stayed the final decision on the Future-Reliance Industries deal.
