date:Sep 11, 2013
Walmart Stores Inc is mulling to pull out of its six-year-old wholesale joint venture with Bharti Group amid speculation that the worlds largest superstore chain has begun talks with other companies for its front-end retail foray in India.
The US-based retail giant is likely to make an announcement by this month-end on its decision not to convert into equities $100 million it had lent to the Bharti Group in 2010 in a deal which Indian authorities are probing for flouting rules.
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