Future Retail getting "amazed?"

Future Retail figures among the top gainers on the BSE currently, going up almost 4.5% to Rs.515.40.

The news doing the rounds is that Amazon is close to buying at least a 7 to 8% stake in the company, nixing similar plans of Alibaba backed Paytm. There is no official word on this from the company; this is all based on news heard on the wire.

Analysts expect valuation of this stake sale to be around Rs.2500 crore, giving Future Retail enough liquidity to take on competition at stores and online too.