Nothing is finalized as of now but Amazon is reportedly in talks with the Future group for a larger stake in Future Retail. Amazon currently holds 1.3% in Future Retail indirectly. Amazon could raise its holdings in Future Retail to as much as 49%. A change of ownership at Future Retail has been on the cards for some time now after the Biyani family breached loan terms and came under pressure to sell their assets. The lockdown worsened their situation. Last year, Amazon bought 49% in Future Coupons, which owns 2.7% of Future Retail; thus giving Amazon an indirect stake in Future retail.