A fle Reuters photo of customers shopping at a Best Price Modern Wholesale store, a joint venture of Walmart Stores Inc and Bharti Enterprises, at Zirakpur in Punjab. 
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A fle Reuters photo of customers shopping at a Best Price Modern Wholesale store, a joint venture of Walmart Stores Inc and Bharti Enterprises, at Zirakpur in Punjab. Walmart Stores Inc paid about $234 million in debt related to the purchase of a stake in its Indian joint venture with Bharti Enterprises, which the US retailer ended in October last year.
According to its 2014 annual report, Walmart, the world's largest retailer, had earlier paid $100 million to take over Bharti's 50 per cent stake in Bharti Walmart Pvt Ltd, which runs 20 wholesale stores under the Best Price Modern Wholesale brand.
The transaction resulted in a net loss of about $151 million, according to the company's consolidated statement of income.
(Reuters)
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