India's antitrust body has sought more information from Amazon.com Inc abou...
), sources with knowledge of the matter told Reuters, which could potentially delay the deal.
The deal would help Amazon tap into the booming retail market in India, as it separately boosts its e-commerce operations, offering everything from electronics to groceries on its Indian website. Future Retail runs 290 budget department and grocery stores branded “Big Bazaar”. The CCI sought justification from Amazon on why it chose to file a Form I, the source added, which could potentially delay approval of the deal. A Form I filing typically takes 2-3 months compared with three to six months for a Form II.
“There are questions about e-commerce ... the CCI needs to assess whether there is any adverse impact on competition or not,” the source said.
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