<ul data-eligibleForWebStory="true"><li>The Singapore International Arbitration Centre (SIAC) has awarded INR 23.7 Cr in damages to Amazon and INR 77 Cr for legal costs in the ongoing battle with Future Group.</li><li>SIAC ruled that Future Group breached contractual obligations towards Amazon when signing an agreement with Reliance Retail, leading to the tribunal finding in favor of Amazon.</li><li>Amazon sought over INR 1,436 Cr in damages for its investment in Future Coupons Pvt Ltd, but SIAC granted only INR 23.7 Cr in damages and 60% of legal costs incurred by Amazon.</li><li>The battle began with Amazon's stake purchase in Future Coupons aiming to indirectly access Future Retail; legal disputes ensued, and Reliance's takeover deal with Future Retail was eventually cancelled in April 2022.</li></ul>

SIAC Awards INR 24 Cr In Damages To Amazon Over Future Group Battle

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