Not Every Development An Event For Disclosure: Future Retail Tells Amazon
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India, Nov. 27 -- The on-court drama across two countries and the off-court media slanging match between Kishore Biyani-led Future Retail Ltd (FRL) and ecommerce giant Amazon has taken a new spin.
FRL on Thursday accused Amazon of adopting a media strategy of having every development reported and converted into a line of communication with stock exchanges.
In a regulatory filing disclosing the development, FRL said, "This disclosure is being made out of abundant caution to avoid any speculation given Amazon's media strategy of having every development reported and converted into a line of communication with stock exchanges."
FRL said it is "in receipt of a communication dated 25th November 2020 that the SIAC Court is prima facie satisf...
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