Amazon nears deal for buying up to 10% stake in Kishore Biyani's Future Retail

Amazon nears deal for buying up to 10% stake in Kishore Biyani's Future Retail

Future Group chairman Kishore Biyani. Photo: Hemant Mishra/Mint

Amazon.com Inc. is in late-stage talks to acquire as much as 10% of Future Retail Ltd, people familiar with the negotiations said, as the US company moves to bolster its brick-and-mortar presence in one of the world’s fastest-growing retail markets.