Amazon warns Future Retail Ltd against selling logistics biz to Reliance Industries

The e-commerce platform said the sale of Future Retail assets to Reliance Industries had also been rejected by the Singapore arbitration court.

Published: 09th June 2022 11:17 AM  |   Last Updated: 09th June 2022 11:17 AM   |  A+A-


Image used for representational purpose only. (Photo | AP)

By Express News Service

NEW DELHI: E-commerce platform Amazon has written a fresh letter to the promoters of Future Retail Ltd (FRL) asking them not to go ahead with the sale of the group’s supply chain and logistics businesses to Reliance Industries, and abide by the emergency arbitration order passed by the Singapore International Arbitration Centre (SIAC).

The e-commerce platform in the letter addressed to the promoters’ family has reiterated that the transfer of the supply chain and logistics businesses was in violation of Amazon’s rights under the agreement it had entered with Future group in August 2020. It said sale of Future Retail assets to Reliance Industries has also been rejected by the Singapore arbitration court.

In a strongly worded letter Amazon has said despite Reliance Industries calling off the Rs 24,000 crore deal to acquire FRL, the Future group is now trying to enter into a fresh commercial transaction for sale of its supply chain and logistics businesses, which are ancillary and supplementary to the operations of its retail stores to the same entity  (Reliance Industries), which has purportedly forcefully taken over the retail stores, which contributed 55% to 65% of the retail revenue operations of FRL.

Amazon says the proposed transaction is aimed at further aiding the plan of handing over the retail stores lock, stock, and barrel. 

ALSO READ | Future Retail denies Amazon's allegation of 'fraudulent stratagem' by independent directors


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp