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CAIT Raises Red Flag Over Flipkart-Aditya Birla Fashion Deal, Says It Violates FDI Policy
- ByPassionIT News --
- 2020-10-28
Traders’ body Confederation of All India Traders (CAIT) has raised objections over Aditya Birla Fashion and Retail’s plans to raise INR 1,500 Cr (about $203 Mn) by issuing 7.8% stake to Walmart-owned Flipkart Group, alleging that the proposed deal violates the government’s FDI policy.
Read More at:
https://inc42.com/buzz/cait-raises-red-flag-over-flipkart-aditya-birla-fashion-deal/
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