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<p>The Competition Commission today said it has approved US retail giant Walmart's proposed acquisition of Flipkart.</p>

<p>In May, Walmart Inc announced acquisition of 77 per cent stake of Flipkart in its biggest takeover till date.</p>

<p>The deal values the 11-year old Indian e-commerce firm at USD 20.8 billion.</p>

<p>"@CCI_India approves proposed acquisition of Flipkart Private Limited by Wal-Mart International Holdings, Inc," the regulator said in a tweet.</p>

<p>Deals beyond a certain threshold are required to get clearance from the Competition Commission of India (CCI).</p>

<p>The regulator keeps a tab on unfair business practices in the market place.</p>

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<p dir="ltr" lang="en"><a href="https://twitter.com/CCI_India?ref_src=twsrc%5Etfw">@CCI_India</a> approves proposed acquisition of Flipkart Private Limited by Wal-Mart International Holdings, Inc</p>
— CCI (@CCI_India) <a href="https://twitter.com/CCI_India/status/1027188592462848001?ref_src=twsrc%5Etfw">August 8, 2018</a></blockquote>
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<p>The Competition Commission today said it has approved US retail giant Walmart's proposed acquisition of Flipkart.</p>

<p>In May, Walmart Inc announced acquisition of 77 per cent stake of Flipkart in its biggest takeover till date.</p>

<p>The deal values the 11-year old Indian e-commerce firm at USD 20.8 billion.</p>

<p>"@CCI_India approves proposed acquisition of Flipkart Private Limited by Wal-Mart International Holdings, Inc," the regulator said in a tweet.</p>

<p>Deals beyond a certain threshold are required to get clearance from the Competition Commission of India (CCI).</p>

<p>The regulator keeps a tab on unfair business practices in the market place.</p>

<div class="ui-state-default">
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<blockquote>
<p dir="ltr" lang="en" xml:lang="en" xml:lang="en"><a href="https://twitter.com/CCI_India?ref_src=twsrc%5Etfw">@CCI_India</a> approves proposed acquisition of Flipkart Private Limited by Wal-Mart International Holdings, Inc</p>
— CCI (@CCI_India) <a href="https://twitter.com/CCI_India/status/1027188592462848001?ref_src=twsrc%5Etfw">August 8, 2018</a></blockquote>
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In May, Walmart Inc announced acquisition of 77 per cent stake of Flipkart in its biggest takeover till date.

Competition Commission clears Walmart-Flipkart deal