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Amazon puts Biyani's Future Group stake buy plan on hold: Report
short by Pragya Swastik / on Monday, 11 February, 2019
In wake of new FDI policy in e-commerce, Amazon has reportedly decided to put its plans to buy a stake in Kishore Biyani’s Future Group on hold. Amazon won't go ahead until it gets more clarity to expand its offline presence. Amazon had signed a term sheet with Future Group to buy a 10-15% stake for up to $700 million.
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