The Competition Commission of India (CCI) on Thursday said it has approved Amazon.com NV Investment Holdings' proposal to acquire about 49 percent share in Future Coupons.

The proposed combination consists of certain other constituent steps involving Future Coupons Ltd (FCL), Future Corporate Resources Pvt Ltd (FCRPL), and Future Retail Ltd (FRL).

Amazon.com NV Investment Holdings is a direct subsidiary of Amazon.com, Inc (ACI) and belongs to the Amazon Group.

ACI is the ultimate parent entity of the Amazon group, it added.

FCL is principally engaged in marketing and distribution of corporate gift cards, loyalty cards, and reward cards to corporate customers, it said. | To read full story, visit https://startuparound.com/read/1575001807.3108854/CCI-approves-Amazon's-investment-in-Future-Coupons?ref=audio_experience