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Business Standard

Sellers body moves CCI against Flipkart's acquisition of Walmart India

Says a few sellers will get preferential treatment, Flipkart will engage in deep discounting in groceries

Topics
Walmart India | Flipkart | Competition Commission of India CCI

Peerzada Abrar  |  Bengaluru 

Flipkart
Walmart had invested $16 billion in 2018 for a majority stake in Flipkart. Earlier this month, it led a $1.2-billion round in Flipkart, valuing the e-commerce firm at $24.9 billion.

Flipkart's recent acquisition of Walmart India is facing a big challenge as the All India Online Vendors' Association (AIOVA) has approached the Competition Commission of India (CCI) against this deal.

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Read our full coverage on Walmart India

First Published: Mon, July 27 2020. 21:12 IST

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