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CCI Approves Acquisition Of Prione Business Services By Amazon Asia-Pacific Resources
Amazon Asia-Pacific Resources is an indirect wholly-owned subsidiary of Amazon.com, Inc. (ACI). ACI is the ultimate parent entity of the Amazon group
Photo Credit : constructive.net.au
The Competition Commission of India (CCI) on Thursday said that it has approved the acquisition of Prione Business Services by Amazon Asia-Pacific Resources.
The proposed combination pertains to the proposed acquisition of 76 per cent of the equity shares of Prione Business Services (Target) by Amazon Asia-Pacific Resources (Acquirer).
Amazon Asia-Pacific Resources is an indirect wholly-owned subsidiary of Amazon.com, Inc. (ACI). ACI is the ultimate parent entity of the Amazon group.
Prione Business Services has a wholly-owned subsidiary Cloudtail India (CT). CT is engaged in the B2C retail business in India.