Amazon nears deal for up to 10% of India’s seco...

Amazon nears deal for up to 10% of India’s second-largest retailer

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Amazon nears deal for up to 10% of India’s second-largest retailer

Amazon has been acquiring tiny stakes in other Indian brick-and-mortar chains such as Shoppers Stop Ltd. and a grocery chain from the Aditya Birla Group in the past couple of years.

Amazon.com Inc. is in late-stage talks to acquire as much as 10% of India’s Future Retail Ltd., people familiar with the negotiations said, as the U.S. company moves to bolster its brick-and-mortar presence in one of the world’s fastest-growing retail markets.

https://www.hindustantimes.com/business-news/am...

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Must be because of that new policy that made business difficult for foreign companies. Or to stop the hypothetical loss of independence again by business of English people

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