CCI clears Amazon's proposal to buy Catamaran's stake in Cloudtail parent

The Confederation of All India Traders (CAIT), which represents about 70 million traders in the country came down heavily on the CCI for dropping investigation against Amazon for violations pertaining

The Competition Commission of India (CCI) has cleared Amazon’s proposal to acquire Catamaran Ventures’ entire stake in Prione Business Services Pvt. Ltd., the joint venture between Infosys co-founder N R Narayana Murthy’s Catamaran Ventures and the US-based e-commerce giant. Prione Business Services houses Cloudtail, one of the largest retailers on the e-commerce firm’s Indian platform. The CCI said it had approved the transaction in a tweet.

“Commission approves acquisition of Prione Business Services Private Limited by Amazon Asia-Pacific Resources Private Limited,” said CCI in a tweet on Wednesday.

Senior Amazon India executives are expected to hold a meeting on the