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AMZN Amazon.com Inc

185.82
1.10 (0.60%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Amazon.com Inc NASDAQ:AMZN NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.10 0.60% 185.82 185.60 185.92 187.87 185.42 186.99 39,172,159 05:00:04

India's Top Court Halts Future Group's $3.4 Billion Deal With Reliance, Bloomberg Reports

22/02/2021 8:04am

Dow Jones News


Amazon.com (NASDAQ:AMZN)
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From May 2019 to May 2024

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--India's Supreme Court has put the regulatory brakes on Reliance Industries' $3.4 billion acquisition of some Future Group businesses after Amazon.com petitioned against the deal's approval, Bloomberg reports.

--The top court on Monday overturned a lower court's ruling and stopped India's company tribunal from approving the sale of Future Group's retail, wholesale, logistics and warehousing businesses until further orders, according to Bloomberg.

--The latest decision gives the legal advantage back to Amazon, after a Delhi High Court earlier this month lifted an order restraining the asset sale to billionaire Mukesh Ambani's Reliance conglomerate.

 

Full story: bloom.bg/3k9zyCE

 

Write to Singapore editors at singaporeeditors@dowjones.com

 

(END) Dow Jones Newswires

February 22, 2021 02:49 ET (07:49 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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