November 24, 2020

CCI clears Reliance-Future retail deal despite Amazon’s objections

The approval by the Competition Commission of India (CCI) is a setback for U.S. giant Amazon, which has argued that a 2019 agreement it inked with Future prevented the Indian group from selling its retail assets to certain parties, including Reliance – led by Asia’s richest man, Mukesh Ambani.

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