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
BigBazaar, Future Group, Future Retail

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

After almost a year of negotiations, global e-commerce and technology giant 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 NV Investment Holdings LLC (Amazon)," Future Retail said in a BSE filing on Thursday evening.

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First Published: Aug 23 2019 | 1:26 AM IST

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