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Amazon to acquire 49% stake in Kishore Biyani’s Future Coupons
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Amazon to acquire 49% stake in Kishore Biyani’s Future Coupons

Agency News

Delhi, 24 Aug 2019: American e-commerce giant Amazon is going to acquire a 49 per cent stake in Kishore Biyani-led Future Group entity Future Coupons Ltd. The transaction, for an undisclosed amount, will be subject to regulatory approval. Amazon already has a 7.3 per cent stake in Future Retail Ltd, the group's brick-and-mortar retailer.

This will give Amazon around 3.58 per cent indirect stake in Future Retail, which owns Big Bazaar, Nilgiris and Easyday stores. Future Retail, one of the biggest brick-and-mortar brands, has over 1,600 stores across the country.