Future Retail stock falls over 5% day after e-commerce giant Amazon deal

Percentage of promoter stake in Future Retail pledged to lenders has been steadily increasing in the past year

Future Retail’s stock was down 5.7 per cent on the BSE on Friday, closing trade at Rs 390 per share, a day after e-tailer Amazon picked up an indirect stake in the company. Intraday, the stock was down as much as 8 per cent as investors remained nervous about the deal, which will see Amazon pick up a 3.6 per cent stake in Future Retail via an investment in promoter entity Future Coupons.

While Future, sector experts said, would get a global partner in Amazon and the latter would get a toehold in offline retail — its third transaction in