technology

Amazon seeks CCIs nod to buy Catamarans stake in Prione: Report

Amazon seeks CCIs nod to buy Catamarans stake in Prione: Report

Amazon is seeking CCIs approval to buy Catamaran Ventures stake in Prione, TechCrunch reported. Catamaran owns 76% stake in Prione, while Amazon earlier held 49%, but diluted it down to 24% to comply with the local laws. Catamaran and Amazon had launched the joint venture in India in 2014. However, in August they announced they will be ending the partnership..

technology 2021-12-22 Inshorts