Advertisement
Monday, May 23, 2022
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

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

In happy times and sad, Habba Khatun’s sensuous songs make both young and old emotional. With the never-ending conflict bringing tragedies to every doorstep, Habba’s lyrics of separation amplify their mourning.

How Indian Laws Govern People’s Right To Love And Live

How Indian Laws Govern People’s Right To Love And Live

In India, only those relationships between a man and a woman are considered to be legitimate when there is a marriage between the two.

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Virat Kohli, 33, had recently stepped down as India's T20I captain and was subsequently removed as the ODI captain.

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

A Mahila Congress leader, who is the face of the ‘Ladki Hoon, Lad Sakti Hoon’ campaign, however, has accused the party of anti-women bias after she was denied a ticket.

Advertisement