date:Sep 11, 2013
ctively rule out Walmart partnering with the Sunil Mittal-led group to set up mega stores in India. The deadline for converting these funds lent through compulsorily convertible debentures (CCD) ends on September 30.
Walmart, sources indicated, is likely to press for Bharti Group returning the funds through a buy-back option.
Walmart India chief Raj Jain left the company recently in a sudden move and Bharti Walmart, suspended five executives as part of an ongoing investigation against alleged