Master Stroke: Walmart acquires 77% stake in Flipkart

Putting months of speculation to an end, American retail major Walmart earlier in the day confirmed that it would be acquiring a significant stake in Indian e-commerce major, Flipkart Group.
While reports of the deal have been surfacing time and again in the recent past, the American multinational announced that it would acquire 77 per cent stake in Flipkart against an initial payment of USD 16 billion (over 1 lakh crore).

For latest breaking news, other top stories log on to: http://www.abplive.in & https://www.youtube.com/c/abpnews