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Amazon seeks India clearance to exit Appario

By Freny Patel ( April 8, 2024, 05:16 GMT | Insight) -- US e-commerce giant Amazon has sought merger clearance from the Indian antitrust authority to sell its shareholding in Appario Retail, the largest seller on its domestic platform, to Clicktech Retail. This will be the second time Amazon has taken action involving a seller company to comply with India's stringent e-commerce rules, the first being Cloudtail. Further, Amazon Asia-Pacific has sought merger clearance from the Competition Commission of India to acquire a 76 percent shareholding in Frontizo Business Services, the parent company of Appario, from Zodiac Wealth Advisors.US e-commerce giant Amazon has sought merger clearance from the Indian antitrust authority to sell its shareholding in Appario Retail, the largest seller on its domestic platform, to Clicktech Retail....

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