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India's Future to challenge court order blocking its retail deal in dispute with Amazon: source

India's Future to challenge court order blocking its retail deal in dispute with Amazon: source

Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, Jan 29, 2016. (Photo: Reuters/Mike Segar)

NEW DELHI: India's Future Group will challenge a New Delhi court order that has blocked its US$3.4 billion retail assets sale on objections of business partner Amazon.com Inc, a source told Reuters on Wednesday.

An Indian court blocked Future Group's sale of a swathe of assets to rival Reliance Industries on Tuesday after Amazon raised objections to the deal, in a battle of the retail titans that could reshape the shopping sector.

The appeal against that order is set to be filed later on Wednesday in the court, the source said, declining to be identified.

(Reporting by Aditya Kalra in New Delhi; Editing by Sanjeev Miglani)

Source: Reuters

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