Amazon asks India antitrust body to revoke Reliance-Future deal approval

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NEW DELHI: Amazon has asked India\u0027s antitrust regulator to revoke its approval for Future Retail\u0027s US$3.4 billion sale of retail assets to Reliance, saying it was \u0022illegally obtained\u0022, violating an order suspending the deal, a letter seen by Reuters shows. The approval for the deal was a \u0022nullity in the ey

NEW DELHI: Amazon has asked India's antitrust regulator to revoke its approval for Future Retail's US$3.4 billion sale of retail assets to Reliance, saying it was"illegally obtained", violating an order suspending the deal, a letter seen by Reuters shows.

The battle between two of the world's richest men, Amazon founder Jeff Bezos and Reliance Industries boss Mukesh Ambani, marks a contest for pre-eminence in India's booming, nearly trillion-dollar retail market.

 

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