December 3, 2020

Wal-Mart takes majority Flipkart stake in major India move

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By N Chandra Mohan From fDi Intelligence US retail giant Wal-Mart is making a move into India with the $16bn purchase of a 77% stake in e-commerce company Flipkart. However, as N Chandra Mohan reports, the move is generating some opposition. On May 9, global retail giant Wal-Mart acquired a 77% stake in India’s e-commerce major Flipkart […]