News Formal

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

  • 📰 Reuters
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines