Amazon is acquiring a 49% stake in India's Future Coupons
Amazon, which has invested more than $6 billion in India's growing internet market, just invested a little more as it moves to expand its presence in the country's brick and mortar space that drives much of the sales in the nation. The U.S. e-commerce giant is acquiring a 49% stake in Future Coupons, a group entity owned by India’s second largest retail chain, Future Retail, the latter said in a regulatory filing Thursday evening (local time). Future Coupons owned warrants that would give it a 7.3% stake in Future Retail as of early this year, according to prior regulatory filings.