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Key sellers linked to Flipkart and Amazon India are in the process of re-organising their owner structures to comply with the new e-commerce rules for foreign-owned companies that kicked in to effect on February 1.
Amazon’s affiliate Cloudtail is reportedly back on the platform after a rejig. According to a report in The Economic Times, the majority investor in Cloudtail’s parent company — Catamaran Ventures — has increased its stake in the joint venture to 76% from 51%, reducing Amazon Asia’s stake to 24% from 49% earlier.
According to company laws, firm 'A' is said to be a group company
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