Advertisement
Thursday, Dec 02, 2021
Outlook.com
Outlook.com

Amazon Infuses Rs 450 Crore In Its India Digital Wallet Biz Ahead Of Festive Season

The news follows a company announcement that it would create 110,000 seasonal job opportunities across its operations network, ahead of the festive season

Amazon Infuses Rs 450 Crore In Its India Digital Wallet Biz Ahead Of Festive Season
Amazon Infuses Rs 450 Crore In Its India Digital Wallet Biz Ahead Of Festive Season
outlookindia.com
2021-09-23T20:41:36+05:30

E-commerce retailer Amazon infused Rs 450 crore into its digital wallet business, Amazon Pay, as per regulatory documents. This follows after the company announced it would create 110,000 seasonal job opportunities across its operations network, ahead of the festive season. 

The retailer is preparing itself ahead of a potential surge in shopping among Indian consumers owing to the festive season. 

News agency PTI reports, Amazon Pay (India) has allotted 45 crore equity shares, aggregating to Rs 450 crore to Amazon Corporate Holdings Pvt Ltd and Amazon.com.incs Ltd, regulatory documents filed with the Ministry of Corporate Affairs and sourced by business intelligence platform Tofler, showed.

Amazon did not respond to PTI's email queries. 

As per the filing, Amazon Corporate Holdings Pvt Ltd was allotted 449,955,036 equity shares, while Amazon.com.incs Limited was given 44,964 equity shares. The shares were allotted on September 17, 2021. 

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

UN Seeks Release Of Kashmiri Activist Khurram Parvez, Amendment In UAPA

UN Seeks Release Of Kashmiri Activist Khurram Parvez, Amendment In UAPA

The UN has sought probe into civilian killings in Jammu and Kashmir’s Hyderpora and called on the security forces and armed groups to exercise restraint.

Omicron Cases Spike: 21 Countries That Recorded New Covid-19 Variant

Omicron Cases Spike: 21 Countries That Recorded New Covid-19 Variant

South Africa, the first nation where the virus variant was detected, has reported 77 cases of Omicron so far, prompting travel bans across the world.

Man United, IPL Big Boys, Sydney Sixers Enter UAE T20 League

Man United, IPL Big Boys, Sydney Sixers Enter UAE T20 League

Lancer Capital has made its first-ever historic foray into cricket by acquiring a franchise in the UAE T20 league. The ECB has already roped in IPL teams like MI, DC and KRR.

Five Powerful Indian-Americans Rocking Silicon Valley, Parag Agrawal Latest Addition

Five Powerful Indian-Americans Rocking Silicon Valley, Parag Agrawal Latest Addition

As Parag Agrawal becomes the CEO of Twitter, the Indian diaspora's representation in the tech giants of America, especially the companies in Silicon Valley gets a new badge.

Advertisement