BUZZ-India's Future Retail rises on report Amazon plans 49 pct stake buy in Future Coupons

| April 15, 2019

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Fast moving consumer goods company Future Retail Ltd’s shares rise as much as 3 pct to 435 rupees, their biggest daily pct gain since April 1 Amazon is considering buying up to 49 pct stake in Future Coupons, CNBC-TV18 reported here quoting sources. Future Coupons is a promoter entity of the Future Group. Future Retail said it would not comment on speculation, Amazon did not immediately respond to Reuters’ request for a comment. Over 305,243 shares change hands, compared with 30-day avg of 538,932.Seven of 9 brokerages covering the stock rate it “buy” or higher, two “hold”; median PT 593.50 rupees - Refinitiv Eikon data

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