Amazon Can't Object To Future-Reliance Deal: Salve
Kicking off his arguments on behalf of Future Retail, former solicitor general and senior advocate Harish Salve said Amazon wasn’t entitled to object to the deal because it didn’t have skin in the game. Amazon doesn’t have a direct stake in Future Retail. It holds 49% in Future Coupons which in turn holds 9.8% in Future Retail. The American behemoth bought a stake in Future Coupon in the process securing some rights, giving itself effective veto power over Future Retail. Amazon is misrepresenting to the world that FRL (Future Retail) has flouted a dishonest agreement.