New Delhi, Nov. 23 -- Mukesh Ambani's Reliance Industries in August announced the acquisition of businesses of Kishore Biyani's Future Group for Rs.24,713 crores. It would add to its fast-expanding retail business and bolster the e-commerce segment. But this put Flipkart and Amazon in a great fix in the Indian Market. This was an even more problematic area for Amazon, as the latter has invested in Future Group. It picked up a 1.3 per cent stake in Future Retail last year through Future Coupons, in which it bought a 49 per cent stake.

Amazon filed a suit alleging that Future Group had engaged in insider trading and violated contracts. Amazon has argued that its contract with Future Coupons, one of Future Group's holding companies, prohibi...