India Digest: Amazon opts for dual-class shares for More buyout; L&T sells Kobelco 

India Digest: Amazon opts for dual-class shares for More buyout; L&T sells Kobelco 

Amazon boxes are seen stacked for delivery in Manhattan, New York, U.S., January 29, 2016. REUTERS/Mike Segar/Files

Amazon has opted for a dual-class share structure to acquire a 49 per cent stake in Witzig Advisory, which has acquired More chain of supermarkets, said a report. In another deal, Larsen & Toubro Ltd is offloading its entire 51 per cent stake in L&T Kobelco Machinery Pvt. Ltd. (LKTM).

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