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‘Walmart can infuse $3 bn in Flipkart’

Walmart has an option to invest an extra $3 billion in e-commerce company Flipkart, according to a regulatory filing by the world’s largest retailer with the U.S. Securities and Exchange Commission. The Bentonville, Arkansas-based company earlier this week said it had agreed to pay $16 billion for about 77% stake in Flipkart, a deal that will help it to take on its arch rival Amazon in India’s online retail market. Read more…

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