Amazon has cut its stake in wholesaler Cloudtail to 24%, Indian media reports, having sold 25% of its holding to majority owner Catamaran Ventures. This reduces Amazon’s ownership to below the level required by the new legislation introduced from 1 February. The direct result of this is that by 7 February more than 300,000 products were back on the Amazon.in site. According to sources, a similar arrangement is in the works for Amazon’s other major seller partner Appario.
Source: Deal Street Asia