Amazon Invests Close To Rs 4,500 Crore In Three Indian Subsidiaries To Expand Operations

Amazon Invests Close To Rs 4,500 Crore In Three Indian Subsidiaries To Expand OperationsAn Amazon warehouse facility in India. (Mint)

Global etailer Amazon has invested an additional Rs 4,472 crore ($635 million) in three of its Indian subsidiaries for expanding their operations, a media report said on Tuesday (29 October).

"Amazon Corporate Holdings Ltd board on 14 October has allotted 340 crore shares of Rs 10 face value, aggregating to Rs 3,400 crore to Amazon Seller Services Ltd on rights basis through a resolution," said the Chennai-based business intelligence platform, paper.vc, in an e-mail to IANS.

The US-based e-commerce giant's board on 17 October also allotted 90 crore shares of Rs 10 face value, aggregating Rs 900 crore to Amazon Pay India Ltd on rights basis.

"The holding firm also on 17 October allotted 17.25 crore shares of Rs 10 face value, aggregating Rs 172.5 crore to Amazon Retail India Ltd, which is based in New Delhi," the platform said.

(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.)