The Competition Commission of India (CCI) has sought details from Samara Capital on Amazon’s role in acquiring Aditya Birla Retail’s supermarket chain More to find out if the deal is in accordance with the center’s revised foreign direct investment (FDI) policy, The Economic Times reported, citing sources.
The sources told the paper that the CCI has asked Samara Capital-owned Witzig Advisory Services if Amazon will be involved in day-to-day operations of the supermarket, its representation on the board, if More will be joined into the Amazon India marketplace and if the deal is in compliance with the revised FDI norms.
Full Content: Economic Times
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