Amazon Buys 26% in Tatas’ Publishing House Westland

Global ecommerce giant Amazon has bought a 26% stake in Westland — a publishing house under Tata Group's Trent — to support the company's expansion globally and enter new business formats.

Westland is one of the largest and fastest-growing publishing houses in India, having brought out books of bestselling authors such as Amish, Ashwin Sanghi, Preeti Shenoy, Anuja Chauhan, Rashmi Bansal, Rujuta Diwekar and Devdutt Pattanaik. Amazon's investment of Rs 9.5 crore for the 26% stake will enable Westland to expand its international reach, and scale up its physical and digital book businesses, the two companies said on Thursday.