Wal-Mart Ends Indian JV with Bharti Enterprises Wednesday Oct 9,2013

Wal-Mart Stores Inc and Bharti Enterprises are breaking up their Indian joint venture and will own and operate separate businesses,the companies said in a joint statement on Wednesday Oct 9,2013

Under terms of their breakup, Wal-Mart will acquire Bharti's 50 % stake in Bharti Wal-Mart Pvt Ltd, which runs about 20 wholesale stores in India under the Best Price Modern Wholesale brand, and will run the business independently

Bharti Retail will continue to operate its easyday retail chain, which numbers 212 stores

Note 
Bentonville, Arkansas-based Wal-Mart, the world's biggest retailer, tied up with Bharti in 2007