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Future Retail zooms up to 18% on CCI approval to Amazon-Future Coupon deal

FCL is broadly engaged in marketing and distribution of corporate gift cards, loyalty cards and reward cards to corporate customers.

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2 min read Last Updated : Nov 29 2019 | 10:02 AM IST

Shares of Future Group companies gained big in the early morning deals on Friday, a day after the Competition Commission of India (CCI) said it has approved Amazon.com NV Investment Holdings' proposal to acquire about 49 per cent share in Future Coupons (FCL) - a subsidiary of Future Group.

Future Coupons own 7.3 per cent shares in Future Retail, and with this transaction, Amazon would acquire around 3.58 per cent stake in Future Group.

At 09:39 am, Future Enterprises was trading over 18 per cent higher at Rs 26.20 apiece on the BSE while Future Retail was up 13 per cent at Rs

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