April 15, 2019 / 10:00 AM / 2 months ago

BUZZ-India's Future Retail rises on report Amazon plans 49 pct stake buy in Future Coupons

** Fast moving consumer goods company Future Retail Ltd’s shares rise as much as 3 pct to 435 rupees, their biggest daily pct gain since April 1

** Amazon is considering buying up to 49 pct stake in Future Coupons, CNBC-TV18 reported here quoting sources

** Future Coupons is a promoter entity of the Future Group

** Future Retail said it would not comment on speculation, Amazon did not immediately respond to Reuters’ request for a comment

** Over 305,243 shares change hands, compared with 30-day avg of 538,932

** Seven of 9 brokerages covering the stock rate it “buy” or higher, two “hold”; median PT 593.50 rupees - Refinitiv Eikon data

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