Future Retail’s promoter -- Future Coupons has entered into a share subscription agreement and a shareholders’ agreement with Amazon.Com NV Investment Holdings LLC (Amazon). Pursuant to these agreements, Amazon has agreed to make an equity investment in Future Coupons for acquiring a 49% stake.
As part of the agreement, Amazon has been granted a call option. This call option allows Amazon to acquire all or part of the Promoters' shareholding in Future Retail, and is exercisable between the 3rd to 10th years, in certain circumstances, subject to applicable law.
Future Retail offers food and grocery categories, fresh fruits and vegetables, meat and poultry, dairy products, staples, FMCG and processed foods, electronics and appliances, clothing and footwear, furniture and furnishing, and other household articles.
