This is the third investment by Amazon in an Indian brick and mortar retail business following Shoppers Stop and More.
Amazon already has three fulfilment centres in Telangana offering more than 3.2 million cubic feet of storage space to sellers, two sort centres with one lakh sq ft of processing capacity and 90 delivery stations.
The company said that the operating revenues were at Rs 3,002.1 crore against Rs 2,220.4 crore for the corresponding quarter last year.
Dewan Housing was the worst-hit by the crisis faced by non-bank lenders after Infrastructure Leasing and Financial Services Ltd defaulted on payments last year.
The Galaxy Watch Active 2’s bezels are touch-sensitive, allowing users to interact with the smartwatch’s UI by moving their fingers in a clockwise or counter-clockwise direction over it.
Warburg pledged the shares with Citigroup, Barclays and Standard Chartered to raise funds.