By way of an order dated December 17, 2021, the Competition Commission of India (“CCI”) has fined Amazon.com NV Investment Holdings LLC (“Amazon”) an amount of INR 200 crore for suppression of facts in its application to the CCI for approval of its proposed acquisition of 49% of the shares of Future Coupons Private Limited (the “Amazon Acquisition”). The CCI has also directed Amazon to file a fresh application for approval of the Amazon Acquisition and stated that until disposal of the fresh application to be filed by Amazon, the earlier approval order of the CCI shall “remain in abeyance”.
This note analyses this decision of the CCI, including the basis for the CCI’s suspension of its approval and Amazon’s internal material considered by the CCI.
