According to sources it was stated that World's largest e-commerce player Amazon has invested an additional Rs 2,600 crore in its India operations ahead of the US retail giant Walmart taking over the country's e-tail major Flipkart. Amazon Services Ltd in a filing with the Registrar of Companies (RoC) said "The Amazon board has accorded consent to allot 260 crore shares of Rs 10 face value aggregating Rs 2,600 crore to the shareholders on rights basis in the ratio of their shareholding".



Meanwhile according to the Chennai-based business intelligence platform Paper.vc, which sourced the regulatory documents, the Seattle-based Amazon infused the additional capital into the Singapore-based Amazon Corporate Holdings Ltd and Amazon.com incs Ltd, which operate Amazon India e-tail business.

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Previously Amazon Chief Executive Jeff Bezos had earlier committed to invest a whopping $5 billion in India to cash-in on the rapid growth in e-commerce. Moreover this comes at a time when Amazon’s biggest Indian rival Flipkart is set to sell a majority stake to Amazon’s global rival Walmart for nearly $12 billion along with selling a minority stake to Google’s parent Alphabet.

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