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Amazon to acquire 49% stake in India's Future Coupons

24
Aug '19
Pic: Shutterstock
Pic: Shutterstock
US e-commerce company Amazon has agreed to make an equity investment in India’s Future Coupons Limited for acquiring a 49 per cent stake comprising both voting and non-voting shares. Future Coupons is a Future Group company that holds a minority stake in Future Retail, which owns Big Bazaar. As part of the agreement, Amazon has been granted a call option.

This option allows Amazon to acquire all or part of the promoters' shareholding in Future Retail and is exercisable between the third and tenth years, in certain circumstances, subject to applicable law, Indian media reports quoted the company as saying.

Future Retail is among India's largest retailers. Amazon entered India's e-marketplace in 2013. (DS)

Fibre2Fashion News Desk – India


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