All India traders strike against Walmart-Flipkart deal: CAIT
Monday - August 20, 2018 7:02 pm ,
Category : BUSINESS
All India traders strike against Walmart-Flipkart deal: CAIT
New Delhi Aug 20 (IANS) The Confederation of All India Traders (CAIT) on Monday called for an all India traders strike against the Walmart-Flipkart deal on September 28.
"We are organising a Bharat Trade Bandh (All India Traders Strike) on September 28 against the Walmart-Flipkart deal. We want the government to nullify the deal as it is against the sector " CAIT Secretary General Praveen Khandelwal told IANS.
"We have also planned a host of other activities like a mega traders protest march to gain public support against the deal."
Accordingly the confederation has called for a Bharat Trade Bandh on September 28 and a massive nationwide Rath Yatra to begin on September 15 and a mega traders rally on December 16 at New Delhi.
On Saturday Walmart Inc. acquired approximately 77 per cent stake in e-commerce major Flipkart.
Accordingly Walmart now holds approximately 77 per cent of Flipkart while the remainder of the business is held by other shareholders including Flipkart co-founder Binny Bansal Tencent Tiger Global and Microsoft Corp.
Walmart s investment includes $2 billion of new equity funding to help accelerate the growth of the Flipkart business and both companies will retain their unique brands and operating structures in India.
--IANS rv/bg
"We are organising a Bharat Trade Bandh (All India Traders Strike) on September 28 against the Walmart-Flipkart deal. We want the government to nullify the deal as it is against the sector " CAIT Secretary General Praveen Khandelwal told IANS.
"We have also planned a host of other activities like a mega traders protest march to gain public support against the deal."
Accordingly the confederation has called for a Bharat Trade Bandh on September 28 and a massive nationwide Rath Yatra to begin on September 15 and a mega traders rally on December 16 at New Delhi.
On Saturday Walmart Inc. acquired approximately 77 per cent stake in e-commerce major Flipkart.
Accordingly Walmart now holds approximately 77 per cent of Flipkart while the remainder of the business is held by other shareholders including Flipkart co-founder Binny Bansal Tencent Tiger Global and Microsoft Corp.
Walmart s investment includes $2 billion of new equity funding to help accelerate the growth of the Flipkart business and both companies will retain their unique brands and operating structures in India.
--IANS rv/bg
