date:Oct 10, 2013
Wal-Mart Stores has said it will buy out its partner in a wholesale store venture in India, a setback for the worlds biggest retailers plans to operate supermarkets in Asias third-biggest economy.
Billionaire Sunil Mittals Bharti Enterprises stake in the wholesale joint venture will be purchased by Wal-Mart, the two companies said in a joint statement today, without disclosing the value of the transaction.
While the agreement would give Wal-Mart full control over 20 wholesale stores and their