Walmart Completes $16-Billion Deal To Acquire 77% Stake In Flipkart

Walmart Completes $16-Billion Deal To Acquire 77% Stake In Flipkart

With the completion of the investment, Walmart now holds approximately 77 per cent of Flipkart. Walmart Inc on Saturday announced that it has completed the $16-billion deal with Flipkart to become the largest shareholder in the Indian e-commerce firm. In a statement, Walmart also announced an investment of $2 billion to help accelerate the growth…

Walmart Completes $16-Billion Deal To Acquire 77% Stake In Flipkart

Walmart Completes $16-Billion Deal To Acquire 77% Stake In Flipkart

With the completion of the investment, Walmart now holds approximately 77 per cent of Flipkart. Walmart Inc on Saturday announced that it has completed the $16-billion deal with Flipkart to become the largest shareholder in the Indian e-commerce firm. In a statement, Walmart also announced an investment of $2 billion to help accelerate the growth…

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Traders likely to move Supreme Court over $16-billion Walmart-Flipkart deal

A number of trade bodies, farmer organisations, online vendors and political outfits were protesting in public on Monday, with ‘Walmart Go Back’ placards, protesting against the US-based retail giant’s move to buy Indian online marketplace Flipkart. Protests were organised across the country by the Confederation of All India Traders (CAIT),…

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