Intend to pursue ‘all available avenues’ to save deal with Reliance: Future Retail

NEW DELHI: Future Retail Ltd (FRL) on Friday said it intends to pursue “all available avenues” to conclude its Rs 24,731-crore deal with Reliance Industries after the Supreme Court ruled in favour of Amazon and upheld Singapore’s Emergency Arbitrator (EA) award that had restrained the said transaction.

On the other hand, Amazon welcomed the judgement and said the ruling will hasten resolution of its ongoing dispute with the Future Group.

In a regulatory filing, FRL said the SC judgement “addresses two limited points related to the enforceability of the EA’s order and not the merits of the disputes”.