Amazon looking to invest $700 million in Future Group, likely to buy 15 percent stake, says report
Updated : August 27, 2018 08:24 AM IST
A term sheet has been signed by the two entities, indicating that the two have officially entered a pact.
According to the report, if the deal is finalised, it is likely to be a combination of cash and stocks.
The development comes soon after Walmart concluded a deal with Flipkart, buying a 77 percent stake in the latter.