business / news / / The Economic Times
Amazon and Future Coupons Pvt Ltd have settled their long-running dispute.
Amazon and Future Coupons Pvt Ltd have agreed to withdraw all legal proceedings after a March 13 settlement.
KEY POINTS
- FCPL will pay Amazon over ₹11 crore, more than 10% of the ₹105 crore arbitration award.
- FCPL has withdrawn its appeal against the Singapore arbitration ruling favoring Amazon.
- The SIAC found that transferring 835 of FRL’s 1,534 stores to Reliance breached Amazon’s rights.
COMPANIES
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