Mumbai, Nov 1 (TIWN) A week after a Singapore arbitration court directed a temporary stay on Future Retail's buyout by RIL-led Reliance Retail Ventures Ltd (RRVL), Future urged the Indian exchanges, the BSE and the NSE, to process its application for the deal with Reliance Retail, as the arbitrator's order does not restrict market regulator SEBI or the exchanges from considering the scheme and approving the scheme.

In a regulatory filing, Future Retail Ltd (FRL) said that arbitrator's order accepted Amazon's contention that two separate shareholder agreements, one between Amazon and FRL's promoters (to which FRL is not a party) and another between FRL and its promoter (to which Amazon is not a party) constitute one single integrated transaction and that by such a composite transaction, Amazon has an interest in and rights against FRL.