Amazon-FRL-Reliance Retail: Tripartite Meeting Expected Soon

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

Join our community on Linkedin 

CREDITS: ET Dated 10-03-2022. 

Author’s Posts

  • Tamil Nadu Textile Sector Begins Strong Recovery

    Tamil Nadu Textile Industry Shows Signs of Recovery
    After ...

    May 22, 2025

  • Shahid Kapoor Joins Taapsee Pannu for Vogue Eyewear India

    BRAND ANNOUNCEMENT | VOGUE EYEWEAR WELCOMES SHAHID KAPOOR, WHO JOINS TAAPSEE PANNU AS ITS BRAND AMBAS...

    May 22, 2025

  • 3rd Morocco International Yarn & Fabric Sourcing Show 2025

    3rd Morocco International Yarn & Fabric Sourcing Show 2025

    May 13, 2025

  • India’s Apparel Exports: Big Potential, Low Share

    Despite having the world’s second-largest vertically integrated textile industry, India’s share...

    May 05, 2025

  • CITI: India must engage U.S. on tariffs

    "Bridging the Information Gap in the Textile and Fashion Industry."

    DFU
    Inside Fashion Vol. 23 No. 2
    Azad
    EasiTex