For Quick Alerts
For Daily Alerts

Amazon Buys 49% Stake In Future Coupons


Amazon, online market place firm, has acquired 49% stake in Future Coupons, a promoter group firm of Future Retail. In November 2019, the Competition Commission of India has granted approval to Amazon for buying stake in Future Coupons. In its order CCI said, "The proposed combination pertains to the acquisition by the acquirer ( NV Investment Holdings) of approximately 49 percent of the voting and non-voting equity shares of the target (Future Coupons Ltd)".

Amazon Buys 49% Stake In Future Coupons

Future Coupons has 7.3% stake in Future Retail, which implies Amazon will indirectly hold 3.58% stake in Future Retail. In August 2019, the promoter companies' of Future Group signed an agreement with Amazon.

Through the tie-up, the companies look at clocking revenue of $1 billion over a period of next two to three years. Funds received from Amazon will be used by the company for paring its debt portfolio.

Story first published: Friday, December 27, 2019, 15:12 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more