The Competition Commission of India has approved the proposed acquisition of Flipkart by Walmart. The Bentonville-based company had announced in May that is was set to acquire 77% of Flipkart for $16 billion.The deal had faced opposition from traders bodies as well as the Swadeshi Jagran Manch in recent months. More details to follow..
from The Economic Times https://ift.tt/2AYDMdk
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