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AZB, Trilegal act on at least $209m Amazon stake buy in Future Coupons

After almost a year of negotiations, global e-commerce and technology giant Amazon.com is acquiring a 49 per cent stake in Future Coupons, the promoter entity of Future Retail. According to sources in the know, the size of the deal is between Rs 1,500 crore and Rs 2,000 crore. Through this transaction, Amazon has managed to acquire around a 3.6 per cent stake in the Future group.

Business Standard

AZB & Partners advised Amazon led by a team of partners Ajay Bahl, Hardeep Sachdeva, Rachit Bahl, Priyamvada Shenoy and Sachin Mehta; and senior associates Ankit Jaiswal, Shivang Sargoch and Gautam Kumar Bhargava.

Update 13 September 2019: Trilegal advised Future Group led by a team including partners Nishant Parikh, Arjun Ghose and Harsh Jain; counsel Sneha Vardhan; senior associates Aakriti Shakdher and Sibani Saxena; associates Vyshnav Karthik and Vatsla Bhardwaj. The competition team was led by partner Nisha Kaur Uberoi, counsel Gautam Chawla and associates Tanveer Verma, Vayshnavi Ganesh and Nicky Collins.

2019-08-22

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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