Amazon in advance stage to buy stake in Future Retail

Online retailer Amazon is on the edge of talks to buy around 9.5 per cent stake in Kishore Biyani-led Future Reatail, according to sources. A final shape to an agreement between the two parties is expected to take place within the next 10 days, the sources said although in case of last-minute hurdles the deal could be announced as late as January 2019.

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