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Published On: Monday, December 20, 2021 | By: Team KnowMyStock
“Amazon had suppressed the actual scope of the Combination and had made false and incorrect statements in relation to the BCAs, which are intertwined into the scope and purpose of the Combination,” the order further said.
Earlier in August 2019, the e-commerce giant Amazon acquired a 49 percent stake in Future Coupons, the promoter entity of Future Retail, for around Rs 1,500 crore. However, exact a year later, the Future Group struck a $3.4-billion asset-sale deal with Reliance Industries (RIL) in August 2020.
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