Future Retail share price surges as CCI approves Amazon investment
In a brief statement on Thursday, the Competition Commission of India (CCI) said it had approved Amazon`s purchase of a 49% stake in Future Coupons Ltd, an entity that owns about 7.3% of Future Retail, adding that it would soon provide a detailed order.
The companies had not disclosed the value of the deal, which would help Amazon push deeper into India`s booming retail market, Photo: Reuters