October 16, 2018 / 6:47 AM / in a month

BUZZ-India's Future Retail rises on report of Amazon buying stake

** Fast moving consumer goods company Future Retail Ltd’s shares rise as much as 4.7 pct to 454 rupees

** U.S. ecommerce giant Amazon is likely to buy 7-8 pct stake in Future Retail, CNBC-TV18 reported citing sources

** Both Amazon and Future Retail were not immediately available for comment

** Stock rose over 6 pct on Aug. 27 on reports that global tech giants Google and Amazon were in talks for a stake in Future Retail

** Stock down 17.4 pct this year as of last close

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