New Delhi : Fair trade regulator CCI might recommend structural changes to the proposed $16-billion Walmart-Flipkart deal to address possible competition concerns, officials said.
The Competition Commission of India (CCI) might also take cues from a ruling in South Africa with respect to Walmart- Massmart deal, which was announced in 2010.
The retail giant has approached CCI for approval, saying deal does not raise any competition concerns. While the CCI is yet to take a call on the Walmart-Flipkart deal, officials said the regulator might order certain structural changes in the proposed transaction to address possible competition concerns.
Nationwide agitation
Menawhile, the Confederation of All India Traders (CAIT) has threatened nationwide agitation if the government clears the deal. “Since last five years we are knocking the doors of the government for bringing reforms in e-commerce but all has gone to deaf ears which encouraged Walmart to buy Flipkart and enter into retail trade indirectly,” CAIT said in a statement.
