Mumbai, India: Wal-Mart Stores Inc paid about USD 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.

Wal-Mart, the world`s largest retailer, had earlier paid USD 100 million to take over its Indian partner`s 50 percent stake in Bharti Wal-Mart Pvt Ltd, which runs 20 wholesale stores under the Best Price Modern Wholesale brand.

The transaction resulted in a net loss of about USD 151 million, according to the company`s consolidated statement of income.


(Reuters)