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.)
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.