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Delhi High Court allows Future Group to go ahead with Reliance deal

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Delhi High Court allows Future Group to go ahead with Reliance deal

timestampFeb 09, 2021 authorAlShorts Web Desk

Delhi High Court has allowed sale of Future Retail Ltd.'s assets, overturning a previous order blocking USD3.4 billion transaction. The judges rejected a plea by Amazon and said they saw no reason to maintain the status quo on the Future Retail assets. The order comes as a big relief for Future as it can now go ahead with the formalities related to completing the transaction.

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