ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Amazon's bid to halt India's Reliance-Future deal hits setback

Local regulator fines US titan for allegedly hiding 'scope' of own 2019 deal

Reliance Industries agreed last year to buy Future Group, but Amazon has challenged the legitimacy of the deal. (Source photo by Reuters and AP)

BENGALURU -- Amazon's bid to block the merger of two Indian retailing rivals has taken a dramatic turn after local regulators slapped the U.S. e-commerce giant with a $26 million fine for allegedly "hiding the actual scope" of its own deal involving one of the companies.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more