<p>Amazon.com NV Investment Holding has acquired a 26 per cent stake in Westland, a wholly owned subsidiary of Trent, the retail arm of the Tata group, for Rs 9.5 crore.<br /><br /></p>.<p>The investor would subscribe to Westland’s share capital such that it holds around 26 per cent of the Westland's share capital on a fully diluted basis, for an aggregate amount of approximately Rs 9.5 crore.<br /><br />The parties have entered into the shareholders agreement to provide for their respective rights and obligations regarding Westland, Trent said.<br /><br />Given investors’ extensive experience in books and digital platforms, the investment would facilitate Westland to take Indian authors and their works to a far wider audience, Trent said.</p>
<p>Amazon.com NV Investment Holding has acquired a 26 per cent stake in Westland, a wholly owned subsidiary of Trent, the retail arm of the Tata group, for Rs 9.5 crore.<br /><br /></p>.<p>The investor would subscribe to Westland’s share capital such that it holds around 26 per cent of the Westland's share capital on a fully diluted basis, for an aggregate amount of approximately Rs 9.5 crore.<br /><br />The parties have entered into the shareholders agreement to provide for their respective rights and obligations regarding Westland, Trent said.<br /><br />Given investors’ extensive experience in books and digital platforms, the investment would facilitate Westland to take Indian authors and their works to a far wider audience, Trent said.</p>