Latest News on Walmart Flipkart Deal
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Walmart Flipkart Deal - Total results - 56
Sep 02, 2019
Binny Bansal sells Flipkart shares worth over $14 million to Tiger Global; Tiger Fund increases stake in e-tailerIn June this year, Bansal is said to have sold a small portion of his shares to FIT Holdings SARL, Walmart’s Luxembourg entity, for about $76.4 million
Jan 25, 2019
NCLAT reserves order on plea against Competition Commission's nod to Walmart-Flipkart dealThe National Company Law Appellate Tribunal (NCLAT) has reserved its judgement over the petition filed by traders' body CAIT against fair trade regulator CCI's nod to Walmart's $16-billion acquisition of Flipkart
Dec 04, 2018
I-T Dept examines taxation issues with regard to payments made by Walmart to Flipkart shareholdersUS retailer Walmart purchased 77 percent stake in Flipkart for about $16 billion (around Rs 1.05 lakh crore) in May.
Nov 12, 2018
Walmart-Flipkart $16 bn deal: NCLAT adjourns hearing over CCI's approval for 14 DecemberNow, the matter has been listed on 14 December for the next hearing before a two-member bench of the National Company Law Appellate Tribunal (NCLAT)
Oct 05, 2018
NCLAT adjourns hearing over CCI's $16 bn Walmart-Flipkart deal approval to 12 NovemberThe NCLAT on Friday adjourned its hearing over the petition filed by traders' body CAIT against fair trade regulator CCI's approval of Walmart's $16 billion acquisition of Flipkart.
Oct 03, 2018
Walmart submits details of tax deducted from each Flipkart investor to Income Tax DepartmentAfter Walmart deposited Rs 7,439 crore tax, the income tax department asked Walmart to explain the rationale followed while deducting or not deducting taxes from Flipkart shareholders.
Sep 17, 2018
Walmart paid Rs 7,439 cr tax on Flipkart deal; did not deduct taxes from 34 shareholders, say officialsIn case of the Walmart-Flipkart deal, the withholding tax pertains to the capital gains made by the shareholders of Flipkart.
Sep 08, 2018
Walmart unit asked to explain India business model after $16 bn Flipkart buyWalmart completed the acquisition of 77 percent stake in Flipkart on 18 August, in one of the biggest US foreign investment.
Aug 31, 2018
Walmart-Flipkart deal: Income Tax Department asks US retail giant to pay tax arising out of acquisition by 7 SeptemberFollowing the CCI nod to the Walmart-Flipkart deal, the I-T department expects Walmart to approach it under Section 197 of the Income Tax Act.
Aug 28, 2018
Traders' body CAIT files petition in NCLAT against CCI's decision to approve Walmart-Flipkart dealIn the petition, CAIT said it has mentioned that CCI has in its order ignored the predatory activities carried out by both Flipkart and Walmart in the past.