Future Group stocks surge 20% after India suspends 2019 Amazon deal

📆 20/12/2021 03:55 a. m.
📰 Reuters

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Shares of India's Future Group companies surged about 20% on Monday after the country's antitrust agency suspended Amazon.com Inc's 2019 deal with the group, potentially making it easier for Reliance Retail to buy Future's retail business.

The regulator ruled the U.S. e-commerce giant suppressed information while seeking regulatory approval on an investment in Indian retailer Future Group two years ago.

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