Bharti Group firm Cedar Services is in talks with PremjiInvest, the investment arm of Wipro chairman Azim Premji, and several other potential investors for selling its stake in Future Retail after the Kishore Biyani...
Retailers to move CCI against Walmart-Flipkart
Retailers have joined hands to approach fair trade regulator CCI against USD 16 billion Walmart-Flipkart deal as they apprehend that it would lead to massive job loss and be a “nightmare for retail trade” of...
Private equities to buy Vishal Mega Mart for Rs 5,000 crore
A private equity consortium including Partners Group and home grown Kedaara Capital has agreed to buy Vishal Mega Mart from US private equity giant TPG Capital and Chennai-based Shriram Group for around Rs 5,000 crore...
Kedaara and Partners set to acquire Vishal Mega Mart
A consortium of Kedaara Capital and Partners Group is set to buy retailer Vishal Mega Mart for Rs5,000 crore, two people directly involved in the transaction said. The deal is likely to be announced within a week...
Radhakishan Damani to sell up to 1% stake in D-Mart, shares tank 5.24%
Radhakishan Damani, the promoter of D-Mart parent Avenue Supermarts Ltd, will sell 1% stake in the company or 6.2 million shares to ensure that the firm meets the minimum public shareholding norms. In reaction to the...
Walmart seeks CCI nod for Flipkart acquisition
Walmart Inc. has sought the approval of India’s anti-trust regulator for its $16-billion acquisition of Flipkart, according to a regulatory filing. In a filing sent to the Competition Commission of India that was...
Kroger inks Ocado grocery delivery deal to battle Amazon threat
U.S. supermarket chain Kroger Co struck a deal with British online grocer Ocado to build and deliver from robot-staffed warehouses, upping the ante in Kroger’s battle with Amazon.com Inc and sending Ocado shares...
CAIT says Flipkart-Walmart deal circumvents laws; may seek legal recourse
Traders’ body CAIT today alleged that the USD 16 billion Flipkart-Walmart deal circumvents laws, and said it will seek legal recourse on the matter. Confederation of All India Traders (CAIT), in a statement, urged...
Walmart-Flipkart deal: Still weighing stake sale, says SoftBank CEO
SoftBank Group Corp, which runs the world’s largest technology fund, is still weighing its options regarding plans to sell its stake in India’s Flipkart Group to Walmart Inc, Chief Executive Masayoshi Son said Tuesday...
TPG puts British discount retailer Poundworld up for sale: source
Private equity group TPG has put British discount chain Poundworld up for sale after receiving expressions of interest, prompting it to put a planned restructuring of the group on hold, a person familiar with the matter...
Walmart loses $10 billion market cap after Flipkart buyout
Walmart’s investors reacted negatively to the news of the retail giant’s buyout of Flipkart on Wednesday, as over $10 billion worth of Walmart’s market value was wiped away, as investors punished the stock in early...
How Amazon missed three opportunities to acquire Flipkart
When Amazon began operations in India in 2013, it decided it needed to be aggressive and not repeat the mistakes it made in China. The online commerce giant also realised its global playbook that had served it well in...
