Amazon set to secure ‘Future’ rights from Biyani

Amazon is expected to pick up a stake of under 10% in the Kishore Biyani-led Future Retail for gaining business exclusivity and future shareholding rights through foreign portfolio investors route. Future Retail operates Big Bazaar, Easy Day supermarkets which are strategic for Amazon given Walmart's investment in Flipkart and Alibaba's in Paytm Mall, BigBasket.

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