CCI approves Amazon.com’s proposal to acquire 49% stake in Future Coupons

The Competition Commission of India (CCI) on Thursday said it has approved Amazon.com NV Investment Holdings’ proposal to acquire about 49 per cent share in Future Coupons.

“The proposed combination pertains to the acquisition by the acquirer (Amazon) of approximately 49 per cent of the voting and non-voting equity shares of the target (Future Coupons Ltd),” a statement said.

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

A detailed order of the CCI will follow, the statement said.

Amazon.com NV Investment Holdings is a direct subsidiary of Amazon.com, Inc (ACI) and belongs to the Amazon group. ACI is the ultimate parent entity of the Amazon group, it added.