MUMBAI, April 28 Wal-Mart 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 U.S. retailer ended in October last year, according to its
2014 annual report.
Wal-Mart, the world's largest retailer, had earlier paid
$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 $151
million, according to the company's consolidated statement of
(Reporting by Nandita Bose; Editing by Matt Driskill)