Future Retail rejects Amazon's contention over shareholder agreements

In a filing to the stock exchanges on Sunday, FRL said if the two separate agreements were treated as a single integrated transaction, then when the agreements were executed in 2019 there would have been a change in control of FRL in favour of Amazon which would have required an open offer to FRL shareholders as per Indian laws.

from Markets-Economic Times https://ift.tt/35NE7M8