Future-Reliance deal: Amazon requests Sebi to conduct exchanges to eliminate observation letters
US e-commerce giant Amazon has addressed Sebi, requesting the market regulator direct inventory exchanges to eliminate the ‘Observation Letters’ issued incorporated with the proposed Rs 24,713-crore Future-Reliance deal. Additionally, The firm has requested Sebi to take the required motion to settle the latest Supreme Court judgment affiliated with the Future-Reliance deal. In its letter dated August 17, Amazon.com NV Investment Holdings LLC, recognized that the Supreme Court had on August 6, 2021, held that the order of the Singapore-based Emergency Arbitrator (EA) within the case was an ‘order’ attributable to and made underneath Section 17(1) of the Arbitration and Conciliation…