Amazon.com Inc is in late-stage talks to buy as much as 10% of India's Futu...
The move comes as Amazon is looking to expand its reach in the Indian brick-and-mortar market, about a year after retailer Walmart Inc bought a majority stake in Indian e-commerce firm Flipkart.
Future Group is seeking a valuation of about 20 billion rupees from Amazon for the stake, according to the report. The retail group currently operates more than 900 stores in India and owns nine supermarket brands, including Big Bazaar.
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