Media reports suggests that Infosys Ltd co-founder N.R. Narayana Murthy is close to entering into an e-commerce joint venture in India with Amazon.com Inc through his investment firm, Catamaran Ventures, a leading Indian business daily has reported.Catamaran confirmed the planned venture with Amazon Asia, the business daily reported on Thursday.
Catamaran Ventures will hold a 51 per cent stake in the business, as required under India's foreign direct investment rules, the newspaper reported, citing sources.
Catamaran Ventures will hold a 51 per cent stake in the business, as required under India's foreign direct investment rules, the newspaper reported, citing sources.
