Amazon in talks to buy up to 10% stake in Future Retail: Reports

Amazon is in advanced talks to acquire up to 10% of Future Retail to boost its brick-and-mortar footprint in India, reports claim. Future is seeking a valuation of about ₹2,000 crore from Amazon for the stake and the e-commerce firm could buy additional stakes from founder Kishore Biyani. The deal is reportedly expected to close in the next few weeks.