Walmart and Flipkart Announce Completion of Walmart Investment in Flipkart, India´s Leading Marketplace eCommerce Platform
(WorldNews Business)

BENTONVILLE, Ark. & BENGALURU, India--(BUSINESS WIRE)--Aug 18, 2018--Walmart Inc. (NYSE: WMT) and Flipkart Group (`Flipkart`) today announced the closing of the agreements for Walmart to become the largest shareholder in the Flipkart Group. `Walmart and Flipkart will achieve more together than each of us could accomplish separately to contribute to the economic growth of India, creating a strong local business powered by Walmart,` said Judith McKenna, president and CEO of Walmart International. `Our investment will benefit India by providing quality, affordable goods for customers, while creating new skilled jobs and opportunities for suppliers. As a company, we are transforming globally...