Amazon likely to buy 7-8 percent stake in Future Retail: TV
Amazon.com Inc is likely to buy an at least 7 percent to 8 percent stake in India`s Future Retail Ltd through an investment arm, CNBC-TV 18 reported, citing sources.
Media reports said Amazon was in talks to buy a 10 percent stake in Future Retail, competing with tech giant Google and Alibaba-backed Paytm. Image courtesy: Reuters