INSUBCONTINENT EXCLUSIVE:
In a 57-page order, CCI said it considers "it necessary to examine the combination (deal) afreshThe country's antitrust agency on Friday
investment into Indian retailer Future Group two years ago.The ruling by the Competition Commission of India (CCI) could have far-reaching
$200 million investment in Future in 2019 to block the Indian retailer's attempt to sell retail assets to Reliance Industries for $3.4
billion.The regulator's 57-page order said it considers "it necessary to examine the combination (deal) afresh," adding its approval from
and incorrect statements" while seeking approvals
This is absolutely unprecedented," said Shweta Dubey, a partner at Indian law firm SD Partners, who was formerly a CCI official."The order
seems to have found new power for CCI to keep the combination approval in abeyance," she added
million for a 49 per cent stake in Future's gift voucher unit prevent parent, Future Group, from selling its Future Retail Ltd business to
seeking approvals.Amazon, in responses to CCI, said it never concealed material information, warning the watchdog that the deal's
interim rulings from a Singapore arbitrator and courts
Future denies any wrongdoing.
