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Walmart Completes 77% Stake Buy In Flipkart; To Invest $2 Billion
Flipkart's existing management team will continue to lead the business. Last week, CCI had approved Walmart acquisition of Flipkart. Walmart also announced an investment of $2 billion in Flipkart.
18 Aug 2018, 10:39 PM IST 
With the completion of the investment, Walmart now holds approximately 77 per cent of Flipkart.
Walmart Inc on Saturday announced that it has completed the $16-billion deal with Flipkart to become the largest shareholder in the Indian e-commerce firm. In a statement, Walmart also announced an investment of $2 billion to help accelerate the growth of the Flipkart business. Both companies will retain their unique brands and operating structures in India, it further said. With this, Flipkart's financials will be reported as part o...
