• Ishaan kakkar

Future says Amazon asked for $40 mn as compensation for RIL deal; ecommerce major denies charges

According to documents submitted to the emergency arbitrator of SIAC by the Kishore Biyani-led firm, Amazon had asked for $40 mn in compensation from Future Group for the deal with Reliance Industries, and that the US-based company was well aware of the Rs 24,713 Cr Future-RIL deal.

Though, an Amazon spokesperson said the company denied the "false and misleading claims being made by the Future Group on a purported request for compensation to forego the right of first refusal."

"This is a questionable and an ill-timed attempt to mislead the public at large, more particularly when Amazon has filed a special leave petition in the Supreme Court. Amazon has consistently offered to assist FRL during the economic downturn caused by COVID and reiterated our openness for a dialogue even during the Delhi High Court hearings, which was declined by Future Group," the spokesperson said in an emailed statement.

7 views0 comments
  • Amazon Social Icon
  • Facebook Social Icon
  • LinkedIn Social Icon
  • Twitter Social Icon
  • Instagram

© 2021 by StartupNews. Proudly created in India