The Competition Commission of India (CCI) has given in-principal approval for Amazon's proposal to acquire 49% stake in Future Retail’s promoter group company-- Future Coupons. The proposal consists of certain other constituent steps involving FCL, Future Corporate Resources (FCRPL), and Future Retail.
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.
