Global online marketplace giant Amazon has indefinitely put on hold its plans to buy the stake in Kishore Biyani’s Future Group, it is learned. According to sources in the know, Amazon is also reassessing the More retail chain stake buy, as it is unsure of India’s retail climate.
The investment arm of Amazon had set aside close to $2 billion to invest in various retail chains to expand its offline footprint. Still, assessing the damage caused by the sudden change in foreign direct investment (FDI) in e-commerce norms forced it to change overnight…
