On Amazon’s plea, Singapore tribunal stalls Future-RIL deal

ISSUING AN emergency order on a plea from global e-commerce giant Amazon, the Singapore International Arbitration Centre (SIAC) Sunday restrained Future Group and Reliance Industries Limited from proceeding with the Rs 24,713-crore deal signed in August for Future Retail to sell its retail, wholesale, logistics and warehousing units to Reliance Retail and Fashionstyle.

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