Amazon Pay receives Rs 1,700 crore-worth capital from parent company

Even as founder and CEO Jeff Bezos tours India, making new investment commitments, the parent firm of the Amazon group has disclosed that it has infused Rs 1,700 crore of capital into its Indian business units.

According to documents filed with the Registrar of Companies, Amazon Pay India has received Rs 1,355 crore from Amazon Corporate Holdings and Amazon.com.incs.Ltd, while Amazon Wholesale (India) allotted shares worth about Rs 360 crore to Amazon Corporate Holdings and Amazon. com.incs.Ltd.

While the digital payment unit allotted shares to the companies on December 31, 2019, Amazon Wholesale (India) made the allotment on December 30.