Reliance calls off Rs 24,713-cr deal with Future after secured creditors gives a thumbs down
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India's top retailer Reliance on Saturday called off its $3.4 billion deal with Future Group, saying it "cannot be implemented" after Future's secured creditors rejected it. The deal was at the centre of several legal battles since 2020 after Future's partner Amazon.com Inc legally blocked it, citing violation of certain contracts. Future denied any wrongdoing.