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Amazon's takeover of Cloudtail violates India's FDI rules, says CAIT

CAIT said that the acquisition of 76 per cent stake of Narayana Murthy-led Catamaran Ventures in Prione by Amazon will convert the latter from a marketplace to an inventory-based platform, which is a violation of the FDI policy.
Praveen Khandelwal Prione Cloudtail Prione Business Services Private Confederation Of All India Traders Amazon Asia Pacific Holdings Competition Commission Of India

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