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Tag: spin

Walmart plans to spin off PhonePe from Flipkart, Retail News, ET Retail

New Delhi: Global retail major Walmart Inc is planning to demerge PhonePe, the payment system and digital wallet company of Flipkart, so that its ownership will be vested directly with the US retail giant, two people familiar with the transaction told ET. The proposed move will pave the way for Walmart to get into India‚Äôs …

Walmart plans to spin off PhonePe from Flipkart, Retail News, ET RetailRead More