• The Economic Times reports that Walmart has gotten the go-ahead in India to acquire Bharti the almost 50-percent stake in their joint wholesale venture there. The joint venture originally was set up weigh an eye toward Walmart being able to have retail interests in India, where laws current prohibit foreign investments in retailing. When the regulatory situation did not change to Walmart's liking, the two companies decided to separate their interests.
The move leaves Walmart with sole ownership of 20 wholesale stores in India; Bharti will have, among many other interests, a chain of Easy Day-brand convenience stores.
The move leaves Walmart with sole ownership of 20 wholesale stores in India; Bharti will have, among many other interests, a chain of Easy Day-brand convenience stores.
- KC's View:
