Posted inIndia

Reliance seeks shareholder approval on Future deal

In a setback to Amazon, an Indian tribunal has allowed the oil-to-telecom conglomerate Reliance Group to seek shareholders’ nod to acquire Future Group’s businesses. The National Company Law Tribunal on Monday allowed Reliance Retail Ventures Ltd and Reliance Retail & Fashion Lifestyles Ltd to hold extraordinary general meetings of their shareholders and creditors for the […]