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HindustanTimes Wed,17 Sep 2014

Walmart adds $102.9 million in Indian wholesale business in June

Reuters  Mumbai, July 21, 2014
First Published: 08:46 IST(21/7/2014) | Last Updated: 10:53 IST(21/7/2014)

Walmart Stores Inc has infused fresh funds worth Rs 6.2 billion ($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.

Walmart 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.


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