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 Times of India https://ift.tt/rZ16JhO