Reliance-Future's RS24,000-Crore Deal Cleared By SEBI - The Sikh Times
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Reliance-Future’s RS24,000-Crore Deal Cleared By SEBI

New Delhi: 21 Jan 21 Reliance Industries’ RS 24,713-crore deal to buy Future Group’s retail assets was cleared by the Securities and Exchange Board of India (SEBI) on Wednesday, in a blow to Amazon’s efforts to block the agreement.The Bombay Stock Exchange (BSE) also granted its “no adverse observation” report to the deal the clearance from the market regulator that included some riders.The SEBI has said the case pending before the Delhi High Court and arbitration proceedings by the global e-commerce major Amazon contesting the deal should be specifically mentioned by Future Group while seeking shareholders or the National Company Law Tribunal approval, the BSE said.

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