date:Aug 21, 2018
This Saturday, US-based retail giant Walmart Inc said it has completed its $16 billion deal with Flipkart and now holds a 77 percent stake in the Indian e-commerce player. The Bentonville giant's investment includes $2 billion of new equity funding to help accelerate the growth of the Flipkart business.
The mega deal, announced in May this year, is the largest so far in the Indian retail space. This is also Walmart's biggest acquisition and will help it compete more aggressively with its US-bas