Competition Commission of India imposed a fine of Rs 202 crore on Amazon, Amazon is in danger



In a significant decision, the Competition Commission of India has suspended its approval of the deal between Future Coupons Pvt Ltd and Amazon, almost two years ago.


Apart from this, the Competition Commission has also imposed a fine of Rs 202 crore on Amazon for several violations.


It is known that under the agreement between the two companies in August 2019, Amazon was to buy 49% stake in Future Coupons Pvt Ltd.


Futures Coupons account for 7.3% of futures retail through convertible warrants.



After that, in November 2019, the Competition Commission approved the deal. But at that time the Competition Commission had also mentioned that if at any time the information of the acquirer was found to be incorrect, then this order of approval would stand canceled.


Futures Coupons account for 7.3% of futures retail through convertible warrants. After that, in November 2019, the Competition Commission approved the deal. But at that time the Competition Commission had also mentioned that if at any time the information of the acquirer was found to be incorrect, then this order of approval would stand canceled.

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