India: RIL-Future Retail transaction gets CCI's nod

India: RIL-Future Retail transaction gets CCI's nod

Future Group chairman Kishore Biyani. Photo: Hemant Mishra/Mint

The Competition Commission of India (CCI) on Friday approved Future Retail Ltd’s asset sale to Reliance Industries Ltd (RIL), in a setback for Amazon.com Inc., which had approached the anti-trust watchdog to halt the 24,700 crore deal.