1 lakh crores by Walmart Bika Flipkart, RSS organization written by the RSS letter, Read complete information

Only 14 percent of more than 40 million Internet users in the country buy online It is estimated to be 50 percent by 2026. So this deal has a bigger meaning.

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New Delhi: Walmart, a US retail company, has bought Flipkart, India's largest e-commerce company, for several days, speculating. Walmart has bought 77 percent stake in the company for $ 16 billion (1.05 lakh crore).

What are things to eat: -

•  This is Walmart's biggest purchase so far that is the acquisition. This is the biggest deal of e-commerce.


•  This transaction will introduce Wal-Mart to the e-commerce market in India.


• The e-commerce market in India is estimated to reach $ 200 billion in a decade.


• After the deal, it will exit company co-founder Sachin Bansal and Softbank Flipkart.


• In this deal, the total value of Flipkart, 11 years old, was valued at $ 20.8 billion.


• Along with this deal, Wal-Mart will make a new investment of $ 2 billion in it.


• Flipkart's remaining shares are also being bought by other companies. Google's owner company, Alphabet, is also considered as a potential investor who can buy up to 15 percent of the stake.


• RSS associate Swadeshi Jagran Manch has questioned this deal. They have alleged that Wal-Mart is trying to enter the country from the backdoor through this acquisition.


• The RSS's Swajadi Jagaran Manch urged Prime Minister Narendra Modi to intervene to safeguard the national interest on this issue.


• Flipkart co-founder Binny Bansal will retain 5.5 percent stake and become chairman of the board of directors.


• The company will remain focused on Bangalore and Walmart's Krish Iyer will be its CEO.


• Wal-Mart and Flikart will remain separate brands and its board of directors will also be different, in which Walmart's change will be made for representation.


• The deal is yet to get the approval of the Indian Competitiveness Commission and other regulators.

How many online buyers

• Only 14 percent of more than 40 million Internet users in the country buy online It is estimated to be 50 percent by 2026.


• Remember that the competing company Amazon also offered an aggressive offer to buy Flipkart's 60 percent stake.


• After this deal Walmart CEO told Flipkart employees, "This is the best deal."