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CCI approves Amazon’s 49% equity stake in Future Coupons, Amazon will now own 3.58% stake in Future Retail

Amazon India
Amazon India

The Competition Commission of India (CCI) has approved Amazon’s proposed acquisition of 49% equity stakes in Future Coupons, which is a promoter entity of Future Retail. Amazon will now own 3.58% stake in Future Retail as Future Coupons owns a 7.3% stake in Future Retail. Future Retail operates 900 stores in India, including 293 Big Bazaar stores. The Economic Times first reported this development. Future Coupons develops corporate gift cards, loyalty cards, and reward cards for corporate and institutional customers. Future retail had said that Amazon’s stake is mainly an investment in the digital payments space. The deal is sized between Rs 1,500-2,000 crore. Amazon's retail plans in India Amazon is expanding Amazon Now, its hyperlocal platform, into newer cities in India through Future Group’s store network. It will also sell Future Group’s FMCG and fashion private brands through its…

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