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Amazon fined in India for concealing information ahead of 2019 Future Coupons deal

By Freny Patel ( December 20, 2021, 04:26 GMT | Insight) -- Amazon has been fined 2.02 billion rupees ($26.56 million) and could see its 2019 acquisition of a 49 percent stake in Future Coupons unwound after the Indian antitrust enforcer ruled the online marketplace had concealed information when it sought merger clearance. In an unprecedented move, the Competition Commission of India suspended its approval for the two-year-old deal on Friday, in a decision that may have an impact on Amazon’s court battle to block Future Group from selling its retail assets to the US e-commerce major's domestic rival, Reliance Industries.Amazon has been fined 2.02 billion rupees ($26.56 million) and could see its 2019 acquisition of a 49 percent stake in Future Coupons unwound after the Indian antitrust enforcer ruled the online marketplace had concealed information when it sought merger clearance....

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