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Does Amazon’s stake rejig in JV with Narayana Murthy pass FDI test?

By Aman Malik

  • 07 Feb 2019
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Does Amazon’s stake rejig in JV with Narayana Murthy pass FDI test?
Credit: Reuters

E-commerce giant Amazon is said to have more than halved its stake in Cloudtail, one of the largest sellers on its Indian marketplace and backed by Infosys founder NR Narayana Murthy, in a bid to comply with the country’s new e-commerce rules. Cloudtail, which was forced to log off Amazon India ......

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