Posted inIndia, South Asia

Indian trade group may challenge Walmart’s takeover of Flipkart

A top Indian trade body says it is getting legal advice on US retail giant Walmart’s proposed $16-billion takeover of Flipkart, as it believes the deal to grab a 77% stake in the country’s biggest online marketplace circumvents the law. The Confederation of All India Traders (CAIT) has issued a statement urging the government to closely […]

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