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 income.
Wal-Mart Stores, Inc. (Walmart), operates retail stores in various formats globally. Shares of WMT traded higher by 0.4% or $0.31/share to $78.62. In the past year, the shares have traded as low as $71.51 and as high as $81.37. On average, 6953040 shares of WMT exchange hands on a given day and today's volume is recorded at 5396525.
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