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Amazon in talks to buy up to 10% stake in Future Retail: Reports
short by Anushka Dixit / on Tuesday, 13 August, 2019
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.
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