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India: Competition Commission of India fined Amazon INR 2.02 billion and suspended its 2019 Future Coupons merger approval

Policy overview

Description

Competition Commission of India fined Amazon INR 2.02 billion and suspended its 2019 Future Coupons merger approval

On 17 December 2021, the Competition Commission of India (CCI) issued an order against Amazon.com NV Investment Holdings LLC (Amazon) under the Competition Act 2002, arising from Amazon's 2019 acquisition of a 49% stake in Future Coupons Private Lim…

Scope

Policy Area
Competition
Policy Instrument
Merger control regulation
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies), platform intermediary: e-commerce
Implementation Level
national
Government Branch
executive
Government Body
competition authority

Complete timeline of this policy change

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2019-11-28
under investigation

On 28 November 2019, the Competition Commission of India (CCI) approved Amazon's acquisition of a 4…

2021-12-17
under investigation

On 17 December 2021, the Competition Commission of India (CCI) issued an order against Amazon.com N…

2022-06-13
under investigation

On 13 June 2022, the National Company Law Appellate Tribunal (NCLAT) dismissed Amazon's appeal agai…

2026-05-27
in force

On 27 May 2026, the Supreme Court of India allowed Amazon's appeal and set aside both the Competiti…