Amazon-FRL-Reliance Retail: Tripartite Meeting Expected Soon

10 March 2022, Mumbai:

Dispute over Future Group's Asset Sale Plans

Heading to a settlement
Amazon and Future Group
told the Supreme Court last week that they would like to initiate talks for an out-of-court settlement.

ALSO READ: Future Group refuses to implement Amazon’s investment in Future Coupons

Lawfirm AZB approaches Reliance.
Agenda for the meeting to be decided later.
Reliance is unlikely to partner with Amazon to end the impasse, a person in the know said.

"The agenda of the meeting will be sent to Reliance soon,"

Reliance Industries is unlikely to sell any stake or form any sort of partnership with Amazon if Amazon makes such a demand as part of its bargain to resolve the impasse, the person said.

RELATED ARTICLE RIL to buy Future Group’s retail assets at original price

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CREDITS: ET Dated 10-03-2022.