Amazon said it has sent a legal notice to a promoter of Future Group, alleging the Indian retailer breached the terms of its contract by signing a deal with Mukesh Ambani's Reliance Industries. Amazon's investment in Future Group came with contractual rights that include a right of first refusal and a non-compete-like pact, a source told ET Now.
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Amazon said it has sent a legal notice to a promoter of Future Group, alleging the Indian retailer breached the terms of its contract by signing a deal with Mukesh Ambani's Reliance Industries. Amazon's investment in Future Group came with contractual rights that include a right of first refusal and a non-compete-like pact, a source told ET Now.
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