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Tuesday 27 November 2018

Amazon in advance stage to buy stake in Future Retail

Online retailer Amazon is on the edge of talks to buy around 9.5 per cent stake in Kishore Biyani-led Future Reatail, according to sources. A final shape to an agreement between the two parties is expected to take place within the next 10 days, the sources said although in case of last-minute hurdles the deal could be announced as late as January 2019.

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