Wal-Mart adds $102.9 million in Indian wholesale business in June

Reuters
A Wal-Mart Stores Inc company distribution center in Bentonville
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The Wal-Mart company logo is seen outside a Wal-Mart Stores Inc company distribution center in Bentonville, Arkansas June 6, 2013. REUTERS/Rick Wilking

MUMBAI (Reuters) - Wal-Mart Stores Inc (WMT.N) has infused fresh funds worth 6.2 billion rupees ($102.9 million) into its Indian wholesale business in June, according to a filing made by its Indian unit to the Registrar of Companies.

The funds were allotted as share application money, the filing showed.

Wal-Mart runs 20 wholesale stores in the country and plans to roll out 50 more over four to five years. The retailer has already launched its e-commerce operations, to sell to small businesses, in the cities of Lucknow and Hyderabad earlier this month.

($1 = 60.2800 Indian Rupees)

(Reporting by Nandita Bose; Editing by Michael Perry)

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