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Walmart buys 77% equity stake in Flipkart for $16 bn

Walmart buys 77% equity stake in Flipkart for $16 bn

Bengaluru : In a mega deal in India’s e-commerce space, global retail giant Walmart Inc on Wednesday announced it was buying 77 per cent equity stake in the country’s largest e-tailer Flipkart for $16 billion. “Subject to regulatory approval in ...

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