Walmart gets CCI approval to buy Bharti's stake in Indian JV

Dec 16 2013, 21:17 IST
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Walmart has got CCI's green signal for purchase of Bharti group's almost 50 per cent stake in their Indian JV. (Photo:Reuters) Walmart has got CCI's green signal for purchase of Bharti group's almost 50 per cent stake in their Indian JV. (Photo:Reuters)
SummaryWalmart has got CCI's approval to buy Bharti group's almost 50 per cent stake in Indian JV.

combination in these businesses is also negligible," CCI said. BVL is an investment holding company of the Bharti group, while Cedar is a wholly owned subsidiary of BVL and provides real estate consultancy services. Bharti Retail, a wholly owned subsidiary of Cedar, is in the retail business and operates stores under the 'Easyday' brand.

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