Amazon gets CCI nod to acquire 49% stake in Future Coupons

Future Group recently announced Amazon picking up a full 49% stake in Future Coupons, the promoter entity of Future Retail

The Competition Commission of India (CCI) on Thursday approved Amazon’s proposed Rs 1,500 crore deal to acquire 49 per cent stake in Future Coupons Ltd (FCL), a Future Retail promoter group company.

“The proposed combination pertains to the acquisition by the acquirer (Amazon.com NV Investment Holdings) of approximately 49 per cent of the voting and non-voting equity shares of the target (Future Coupons Ltd),” CCI said in its order.

The proposed combination consists of certain other constituent steps involving FCL, Future Corporate Resources Private (FCRPL), and Future Retail.