Amazon-Future coupons deal named 15 companies as untouchables

Mumbai: Amazon’s shareholders’ agreement with Future Coupons had barred not just Reliance Industries but tens of companies including Walmart, Google and Zomato from buying into Future Group’s retail assets. The US ecommerce giant had explicitly named 15 global and local firms including Walmart, Alibaba, Softbank, Google, Naspers, eBay, Target, Paytm, Zomato and Swiggy as parties which cannot buy shares or stake in Future Coupons (FCL), a holding company of Future Group, according to Amazon-Future Retail shareholder agreement submitted to the Singapore arbitration court. In addition, anyone engaged in online or offline retail of either food or non-food in India or globally was barred from buying into FCL. ET has reviewed a copy of the order.