Amazon sends legal notice to Future Group over Reliance deal

Amazon.com Inc has sent a legal notice to a promoter of India’s Future Group over the retailer’s deal with Reliance Industries, ET Now reported on Wednesday, citing sources.

In August, Mukesh Ambani-led Reliance said it would acquire the retail and wholesale business as well as the logistics and warehousing business of Future in a deal valued at $3.38 billion, including debt.

Amazon’s investment in Future Group came with contractual rights, which includes a right of first refusal and a non-compete-like pact, a source told ET Now, adding that this was the main reason why the legal notice was sent to Future Coupons.