Home Business Walmart completes deal to buy 77% stake in Flipkart for $16 billion

Walmart completes deal to buy 77% stake in Flipkart for $16 billion

By
Lucky Jain
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(G.N.S) Dt. 19 Bengaluru Days after receiving the green light from the Competition Commission of India (CCI), US-based Walmart said it had completed its $16-billion acquisition of India’s largest e-commerce firm Flipkart. The remaining 23% is held by other shareholders, including Flipkart co-founder Binny Bansal, Tencent, Tiger Global and Microsoft

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