ET reported on December 22 that
Amazon had sought the anti-trust regulator’s nod for the deal.
Commission approves acquisition of Prione Business Services Private Limited by Amazon Asia-Pacific Resources Privat… https://t.co/b3w0LyRwa8
— CCI (@CCI_India) 1646829886000
Top Amazon India executives are expected to hold a meeting on the matter on Thursday, sources aware of the developments said.
In December, Catamaran — the investment office of Infosys co-founder NR Narayana Murthy — and Jeff Bezos-led Amazon announced the proposed deal in a joint statement.
In 2019, in order to comply with the new foreign direct investment regulations for ecommerce, Amazon had been forced to reduce its stake in Prione from 49% to 24%, with Catamaran owning the rest.
Discover the stories of your interest