Posted inIndia

India’s Future Group rejects Amazon buy-out offer

Amazon’s move to prevent Future Group from selling its assets to Reliance Group, owned by India’s richest man Mukesh Ambani, suffered a setback after the cash-strapped Indian retailer turned down the US e-commerce giant’s offer for financial support. In recent days, Amazon had written to Future Retail’s independent directors Gagan Singh, Ravindra Dhariwal and Jacob […]