Deals
Amazon Weighs Direct Investment in India’s Future Retail
- Amazon could increase holdings in retailer to as much as 49%
- U.S. firm considers lining up local investors for a deal
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Amazon.com Inc. is considering adding to its investment in Future Retail Ltd. as the debt-ridden Indian retailer battles a cash crunch, according to people familiar with the matter.
Amazon, which holds an indirect stake of 1.3% in Future Retail, is in talks with the company’s parent Future Group over the potential stock purchase, said the people, who asked not to be identified as the information is private. The U.S. online retail giant could raise its holdings in the retailer to as much as 49%, the people said.