Walmart invests $3.5 billion in Flipkart, ups stake to 80.5%

Walmart has spent $3.5 billion this year to increase its stake in Indian business Flipkart to 80.5%, underlining the aggressive bets the United States-based retailer is making in the country, which it counts as one of its key markets.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3WpuqgX
via