WALMART'S ACQUISITION OF FLIPKART: THE ELEPHANT IN THE ROOM

Published On: 10/08/2018

Practice Area: Competition Law

Authors:

Avimukt Dar
Shreya Suri
The Competition Commission of India (the 'Commission') finally announced its much-awaited verdict earlier this week, approving Walmart's USD 16 billion acquisition of Indian e-commerce major, Flipkart. Walmart Inc. ('Walmart') is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. Walmart is present in India through its step subsidiary, Walmart India Private Limited ('Walmart India'), which is engaged in the wholesale of goods ('B2B sales').