Reliance Future Group deal approved by CCI
                     RELIANCE FUTURE GROUP 
DEAL APPROVED BY CCI
INTRODUCTION
The Competition Commission of 
India (CCI) approved the much-
anticipated Future Group-
Reliance Retail deal in a huge 
setback for e-commerce giant 
Amazon. 
Source: livemint.com
APPROVAL
Commission approves 
acquisition of retail, wholesale, 
logistics & warehousing 
businesses of Future Group by 
Reliance Retail Ventures Limited 
and Reliance Retail and Fashion 
Lifestyle Limited. 
Source: 
businesstoday.com
ACQUISITION
In August, Mukesh Ambani-led 
Reliance Industries Ltd acquired 
the companies of the Future 
Company of Kishore Biyani for 
24,713 crore to add to its fast 
growing retail sector.
Source: theweek.com
Reliance Retail 
Reliance Retail will now have 
access to nearly 1,800 stores 
around the Big Bazaar, FBB, 
Easyday, Central, Foodhall 
formats of the Future Group.
Reliance Retail and Fashion 
Lifestyle Limited (RRFLL), a 
wholly held subsidiary of 
Reliance Retail Ventures Ltd 
(RRVL), will be transferred to the 
Future Group's retail and 
wholesale undertakings.
Source: livemint.com
Reorganization
The Future Group will achieve 
reorganization and sale by the 
systemic approach to the 
problems caused by COVID-19 
and the macro economic climate 
as a result of this. 
Source: livemint.com
Agreement
The interest of all its 
stakeholders, including lenders, 
owners, borrowers, vendors and 
personnel, is taken into account 
in this agreement, providing 
stability to all its companies.
Source: livemint.com
Amazon
E-commerce giant Amazon, an 
investor in one of the holding 
companies of Future, earlier won 
an injunction from a Singapore 
arbitrator to stop Future's deal to 
sell retail assets to Reliance, 
arguing that the Indian retailer 
group violated certain contract 
provisions that it entered into in 
a separate agreement with the 
US company last year.
Source: jibeop.com
Against the 
Agreement
Amazon has contacted the Indian 
Securities and Exchange Board 
(Sebi), Stock Exchanges and CCI 
market regulator, asking them to 
consider the arbitration order 
and not accept the arrangement. 
Source: businessstandard.com
Stand of Future 
Group
Future Retail Ltd told the Delhi 
High Court earlier that Amazon 
was not its shareholder and did 
not have a say in its affairs and 
there was no merit in the 
provisional order issued by the 
Singapore International 
Arbitration Centre (SIAC).
 
Source: livemint.com
Court Order
The Delhi High Court reserved its 
order on the request of Future 
Retail Limited to prohibit Amazon 
from approaching regulatory 
bodies against the retail arm of 
Reliance's contract. 
Source: livemint.com
THANK YOU