Domestic stock exchanges are set to consult the Securities and Exchange Board of India (Sebi) after Amazon wrote to them and the market regulator to take into consideration the Singapore arbitrator’s interim judgment that has put on hold the Rs 24,713-crore deal between the Future group and Reliance Industries Ltd.

The e-commerce giant shared a copy of the interim judgment with the stock exchanges in its letter and said they must take cognisance of the order given by the arbitrator when they are reviewing the proposed deal.

The Future Group-RIL deal is subject to approvals from various regulatory authorities, including Sebi and the Competition Commission of India, and the bourses.

Reuters reported that the stock exchanges will seek clarification from Future Retail about the transaction following Amazon’s objection to the deal and that the BSE will also consult Sebi with regard to its stance on the deal.

The arbitrator’s order had called for an arbitration process to be followed by Future and Amazon, and that the Future-RIL transaction be stayed.

Last year, Amazon had agreed to purchase 49 per cent in one of Future Group’s unlisted firms — Future Coupons Ltd — with the right to buy into flagship Future Retail Ltd (FRL) after a period of three to 10 years. Future Coupons holds 7.3 per cent equity in FRL. It dragged Future to arbitration at Singapore International Arbitration Centre (SIAC) after the group entered into a deal with Reliance in August year to its sell its retail, wholesale, logistics and warehousing units.

The global retail giant had alleged that the asset sale violated the contractual agreement. Last Sunday, it won an interim award by the Singapore-based single judge arbitration panel.

Even as both Future Group and Reliance have indicated that they want to proceed with the deal, the next step that will be taken by Amazon is also being keenly watched. One possibility is Amazon may approach the Indian courts to enforce the award.