--India's Supreme Court has put the regulatory brakes on Reliance Industries' $3.4 billion acquisition of some Future Group businesses after Amazon.com petitioned against the deal's approval, Bloomberg reports.

--The top court on Monday overturned a lower court's ruling and stopped India's company tribunal from approving the sale of Future Group's retail, wholesale, logistics and warehousing businesses until further orders, according to Bloomberg.

--The latest decision gives the legal advantage back to Amazon, after a Delhi High Court earlier this month lifted an order restraining the asset sale to billionaire Mukesh Ambani's Reliance conglomerate.

Full story: bloom.bg/3k9zyCE

Write to Singapore editors at singaporeeditors@dowjones.com

(END) Dow Jones Newswires

February 22, 2021 02:49 ET (07:49 GMT)

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