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Benzinga
Benzinga
World
Navdeep Yadav

Amazon Dubs Take Over Of 800 Future Retail Stores By Reliance A 'Sham Transaction'

The ongoing tussle between the American e-commerce giant Amazon.com Inc. (NASDAQ:AMZN) and Indian retailer Future Retail (FRL) continued in the Delhi High Court on Tuesday (Indian Standard Time).

What Happened: Amazon called the February takeover of 835 Future Retail stores by Mukesh Ambani's conglomerate Reliance Industries Limited (RIL) a "sham transaction," according to the Economic Times. 

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