Jeff Bezos vs Kishore Biyani 2.0: RIL may pick up FRL through insolvency
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Jeff Bezos-led Amazon may continue fighting the legal battle with Future Retail Limited (FRL) related to the $3.4-billion merger deal between Future Group and Mukesh Ambani’s Reliance, according to people familiar with Amazon’s strategy. This is despite the development where Reliance Industries on Saturday told BSE its agreement to buy Future Retail for almost Rs 25,000 crore cannot be implemented after lenders to the retail company rejected the deal.
But this is all optics, according to people familiar with Amazon’s strategy. They said that Amazon’s legal team is …
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First Published: Tue, April 26 2022. 12:36 IST
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