Ambani's Reliance Industries Ltd. in late-February started poaching workers and taking control over rental leases of many stores once run by Future Retail Ltd. and, Future Lifestyle Fashions Ltd.
Even as Amazon angrily attempted to obstruct formal acquisitions through claims and assertion across India and Singapore.
Ambani's nonviolence Amazon to look for settlement on the severe question and frightened Future's financial backers and loan specialists careful about resource stripping.
“We did not expect Reliance Group to take such drastic actions, without even discussing the matter with us,” Future Retail’s
Chief Financial Officer Chandra Prakash Toshniwal
He wrote in a 2nd March letter to Reliance’s retail units. “Please confirm that there will not be any reduction in consideration payable.”
The Kishore Biyani-led Future Group got found out in the tussle between two huge enterprises after Amazon protested Reliance's August 2020.
The Reliance's August 2020 proposal was to purchase Future Retail's stores and stockrooms for 247.1 billion rupees ($3.4 billion).
Reliance acquired New York