India's CCI approves Amazon's acquisition of a 76% stake in Appario Retail's parent company, Frontizo.
India's Competition Commission (CCI) has approved Amazon Asia-Pacific Holdings' acquisition of a 76% stake in Frontizo, the parent company of Appario Retail, a major seller on Amazon India. Appario Retail operates retail and wholesale sales on the Amazon India Marketplace. This acquisition will increase Amazon's stake in Appario Retail significantly, consolidating business interests while maintaining fair market competition.
July 23, 2024
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