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Flipkart's stake acquisition'credit positive' for Walmart, says Moody's

Updated : May 14, 2018 12:45 PM IST

Moody's said it expects the deal to initially weaken Walmart's credit metrics.
Walmart has been embracing a more acquisitive approach.
India has more than 400 million millennials, a growing middle class and exploding smartphone penetration.
Flipkart's stake acquisition'credit positive' for Walmart, says Moody's
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