Adani Enterp. 2433.95↓-11.10(-0.45%)
Adani Ports 738.80↑2.20(0.30%)
Apollo Hospitals 4950.20↓-17.10(-0.34%)
Asian Paints 3199.75↓-37.50(-1.16%)
Axis Bank 950.85↑24.75(2.67%)
B P C L 356.80↓-3.25(-0.90%)
Bajaj Auto 4710.05↑40.95(0.88%)
Bajaj Finance 7043.20↑19.30(0.27%)
Bajaj Finserv 1458.90↑1.65(0.11%)
Bharti Airtel 834.50↓-2.00(-0.24%)
Britannia Inds. 4682.60↑28.45(0.61%)
Cipla 974.80↑8.95(0.93%)
Coal India 229.70↓-1.20(-0.52%)
Divi's Lab. 3462.30↓-49.30(-1.40%)
Dr Reddy's Labs 4603.55↓-6.90(-0.15%)
Eicher Motors 3673.25↓-26.15(-0.71%)
Grasim Inds 1734.50↑23.95(1.40%)
H D F C 2644.80↓-1.10(-0.04%)
HCL Technologies 1138.30↑1.25(0.11%)
HDFC Bank 1604.40↓-2.10(-0.13%)
HDFC Life Insur. 574.15↓-2.25(-0.39%)
Hero Motocorp 2870.60↓-22.05(-0.76%)
Hind. Unilever 2695.80↓-20.90(-0.77%)
Hindalco Inds. 419.70↓-1.05(-0.25%)
ICICI Bank 946.75↑8.60(0.92%)
IndusInd Bank 1301.80↑13.60(1.06%)
Infosys 1304.50↑5.50(0.42%)
ITC 440.65↓-2.75(-0.62%)
JSW Steel 712.15↑5.55(0.79%)
Kotak Mah. Bank 1924.90↓-13.85(-0.71%)
Larsen & Toubro 2268.30↑33.75(1.51%)
M & M 1395.40↑54.00(4.03%)
Maruti Suzuki 9582.10↑96.75(1.02%)
Nestle India 21834.15↓-212.30(-0.96%)
NTPC 174.10↓-0.45(-0.26%)
O N G C 155.40↑0.70(0.45%)
Power Grid Corpn 235.60↑1.00(0.43%)
Reliance Industr 2477.25↑22.05(0.90%)
SBI Life Insuran 1215.40↑12.90(1.07%)
St Bk of India 587.20↓0.00(0.00%)
Sun Pharma.Inds. 1008.75↑9.15(0.92%)
Tata Consumer 792.45↓-3.60(-0.45%)
Tata Motors 546.25↑10.35(1.93%)
Tata Steel 109.40↑1.40(1.30%)
TCS 3288.90↓-16.70(-0.51%)
Tech Mahindra 1109.35↓-13.75(-1.22%)
Titan Company 2855.70↓-5.95(-0.21%)
UltraTech Cem. 7882.00↑31.35(0.40%)
UPL 690.00↑6.65(0.97%)
Wipro 404.20↓-0.75(-0.19%)

E-commerce giant Amazon buys 49% stake in Kishore Biyani's Future Coupons

Through this transaction, Amazon has managed to acquire around a 3.6 per cent stake in the Future group

Karan Choudhury Bengaluru

Premium

The deal will enhance Amazon’s existing portfolio of investments in the payments space in India

2 min read Last Updated : Jan 17 2020 | 8:03 PM IST

After almost a year of negotiations, global e-commerce and technology giant Amazon.com is acquiring a 49 per cent stake in Future Coupons, the promoter entity of Future Retail. According to sources in the know, the size of the deal is between Rs 1,500 crore and Rs 2,000 crore.

Through this transaction, Amazon has managed to acquire around a 3.6 per cent stake in the Future group.

"We have been informed by Kishore Biyani on behalf of the existing shareholders forming part of the promoter group and Future Coupons Limited (promoters) that they have entered into a share subscription agreement and a shareholders’ agreement with Amazon.com NV Investment Holdings LLC (Amazon)," Future Retail said in a BSE filing on Thursday evening.