Amazon-Future deal suspended; e-tailer fined Rs 200cr

The Competition Commission of India has suspended its approval of Amazon’s 2019 deal with Future Coupons, on the sole basis of which the US e-tailer was fighting several legal battles to block Future Group’s proposed sale of assets to Reliance Retail for Rs 25,000 cr. The development could prove to be a stepping stone for the Reliance-Future deal to go through, subject to regulatory and legal approvals.
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