India Court Allows $3.4 Billion Deal That Amazon Wants Scuttled
- Reprieve for Future which needs this deal to avert bankruptcy
- Amazon can appeal in India’s top court against this order
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An Indian court lifted an order restraining Future Group from selling its retail assets to Reliance Industries Ltd., in a setback to Amazon.com Inc.’s efforts to block the deal.
Delhi High Court on Monday allowed the sale of Future Retail Ltd.’s assets, overturning a previous order blocking the $3.4 billion transaction. The ruling can be appealed in India’s Supreme Court.