Amazon’s investment in India’s retail sector could eventually give it access to physical stores across the country
MUMBAI—Amazon.com Inc. has signed an agreement that would give it the option to take a significant stake in one of India’s largest retailers.
The deal would indirectly give Amazon a stake of around 3.5% in Future Retail Ltd., which runs more than 2,000 stores in 400 cities in Asia’s third-largest economy. The agreement—subject to regulatory approval—also includes an option to buy part or all of the 47% stake owned by the retailer’s founding family, which includes Chief Executive Kishore Biyani. The deal restricts the time...
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