Flipkart Group

Walmart's $16 bn Flipkart acquisition may impact US retail giant's net income this fiscal year

Beginning in the third quarter of fiscal 2018, Walmart will consolidate the financial statements of Flipkart using a one-month lag

Walmart's $16 bn investment in Flipkart could negatively impact US retail giant's earnings per share in FY19

After months of discussions, Walmart had announced the mega deal to pick up 77 percent stake in Flipkart Group holding company that is registered in Singapore.