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Amazon Seller Services gets fresh capital infusion of Rs 915 crore

Amazon Seller Services gets fresh capital infusion of Rs 915 crore
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Last Updated: May 07, 2021, 10:49 PM IST
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Amazon Seller Services, the marketplace unit of the US-based e-tailing giant Amazon, has received a fresh capital infusion of Rs 915 crore (approx. $125 million), documents filed with the Registrar of Companies showed.
The investment was led by Singapore-based Amazon Corporate Holdings, with a token investment being made by the parent entity Amazon.com Inc, both of which were allotted a combined 915 million equity shares at a value of Rs 10 each.
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Amazon Seller Services gets fresh fund infusion of Rs 915 crore

Amazon Seller Services gets fresh fund infusion of Rs 915 crore
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Last Updated: May 07, 2021, 08:24 PM IST
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Synopsis
Amazon Corporate Holdings and Amazon.com.inc have made a Rs 915 crore investment in the unit, as per documents filed with the corporate affairs ministry and accessed by business intelligence platform Tofler.
AFP
US-based e-commerce giant Amazon has infused Rs 915 crore fresh capital into one of its India units - Amazon Seller Services, according to regulatory documents. The fresh infusion is expected to provide more arsenal to Amazon in India to compete more aggressively against rivals like Walmart-owned Flipkart and Mukesh Ambani s JioMart. ....

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Infosys: Digital Differentiation and Large Deal Momentum Drive Industry-leading Growth in FY21

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- Double-digit Revenue Growth Guidance of 12%-14% for FY22
- Share Buyback of ?9,200 Crore ($1.23 bn) and Final Dividend of ?6,400 Crore ($0.85 bn) Announced
BENGALURU, India, April 14, 2021 /PRNewswire/ Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered strong FY21 performance with 5.0% CC growth, and growth accelerating to 9.6% in Q4 - in the face of a turbulent economic environment. Large deal TCV for FY21 peaked to an all-time high of $14.1 billion with 66% being net new. Operating margin for the year expanded by 3.2% and Free Cash Flows increased by 38.5%. The Board has recommended capital return of ?15,600 crore (app. $2.08 billion) including final dividend of ?6,400 crore (app. $0.85 billion) and open market buyback of shares of ?9,200 crore (app. $1.23 billion). ....

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