Amazon asks Sebi, govt to withdraw $3.4-bn Future-RIL deal approval

US e-commerce giant Amazon has written to Ajay Tyagi, chairman of market regulator Securities and Exchange Board of India (Sebi) and Manmohan Juneja, director general of Corporate Affairs, Ministry of Corporate Affairs, to withdraw any permission and consents granted to Future Retail Limited (FRL) related to the $3.4-billion merger deal between Future Group and Reliance. The letter has also been sent to other top officials at stock exchanges such as BSE Limited and the National Stock Exchange of India Limited (NSE).

Amazon has requested Sebi, Ministry of Corporate Affairs and other such organisations to take note of the Order on Vacation Application and the Order on Ad-Interim Relief read with Partial Award on Jurisdiction as passed by the Arbitral Tribunal,