Amazon India’s authorised capital doubles to $2.4b to take on local rivals

Amazon India’s authorised capital doubles to $2.4b to take on local rivals

REUTERS/Rick Wilking/Files

Amazon India has almost doubled its authorized capital to Rs.16,000 crore, exceeding its massive capital commitment of $2 billion made in July 2014 and indicating the company’s intent to splash whatever cash is needed to become the country’s largest e-commerce firm.

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