[BREAKING] CCI suspends clearance for Amazon-Future deal, imposes ₹200 plus 2 crore penalty on Amazon

The CCI in its 57-page order noted that there was a deliberate design on the part of Amazon to suppress the actual scope and purpose of the deal
Gopal Subramanium for Amazon and Harish Salve for Future Coupons
Gopal Subramanium for Amazon and Harish Salve for Future Coupons

The Competition Commission of India (CCI/ Commission) on Friday imposed a total penalty of ₹202 crore on Amazon.com NV Investment Holdings LLC (Amazon) for its failure to notify CCI about certain crucial details of its acquisition of 49 percent stake in Future Coupons Private Limited (FCPL), as required under Section 6(2) of the Competition Act, 2002 (Act) and for suppressing the actual scope and purpose of the deal.

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