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Post CCI consent, Walmart shows confidence in the Indian market

Business Standard India

Hailing the approval by the Competition Commission of India (CCI) in the proposed acquisition of e-commerce major Flipkart, American multinational retail corporation Walmart, has shown its confidence in the ability to contribute to the Indian market. "We welcome the CCI's decision. Walmart remains committed to contributing to the Indian economy by supporting smallholder farmers, manufacturers, and our Kirana customers," said the American multinational retail corporation Walmart in a statement. Earlier on Wednesday, the CCI sent out a tweet from its official Twitter handle, giving a stamp of approval for the deal to go through. Further details of the development are awaited. Walmart International