New e-commerce norms: Amazon may have to sell Cloudtail, Appario stakes
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New e-commerce norms: Amazon may have to sell Cloudtail, Appario stakes

Amazon may have to sell its stakes in Cloudtail and Apparioa after the government notified revised FDI norms in e-commerce which restricts e-commerce firms from selling products of entities in which they have an equity stake. While Cloudtail is a joint venture between Amazon and N.R. Narayana Murthy’s Catamaran Ventures, Appario is a joint venture between Amazon and the Patni Group

Read More at Livemint News date : 29 Dec 2018, Saturday

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