Advertisement

HindustanTimes Thu,25 Dec 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.


Advertisement
more from Business

Ajay Singh-led group to invest $217 mn in SpiceJet

A consortium of investors led by SpiceJet co-founder Ajay Singh is likely to invest $217 million (Rs 1,378 crore) to pick a substantial stake in the embattled airline, sources told HT.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved