E-commerce giant Amazon has put its plan to buy stake in Kishore Biyani’s Future Group on hold. Meanwhile, Dhoot Transmission, Aurobindo Pharma, Grover Zampa, and Reliance Industries have struck acquisition deals.
Amazon-Future Group deal in limbo
E-commerce giant Amazon has put its plan to buy stake in Kishore Biyani’s Future Group on hold, Business Standard reported. In November, Amazon, through its investment arm, had reportedly signed a term sheet to buy a 9.5 per cent stake in Future Retail for about Rs 2,500 crore. The report also said, Amazon was reassessing the More retail chain stake buy given India’s uncertain retail climate. In September, it announced acquiring a stake in More supermarkets from Aditya Birla Retail through Witzig Advisory Services along with co-investor Samara Capital.