CAIT may seek ban on the Walmart-Flipkart deal

     Written by : SMTV24x7 | Fri, May 11, 2018, 01:20 AM

CAIT may seek ban on the Walmart-Flipkart deal

New Delhi, May 10: The Confederation of All India Traders (CAIT) on Thursday said that it might approach the Competition Commission of India (CCI) to seek "a ban" on the Walmart-Flipkart deal after studying the metrics of the agreement.

CAIT Secretary General Praveen Khandelwal said: "We are studying the deal and may resort to legal options based on the structure of the deal."

Asked about the legal options, he said that CAIT might approach CCI.

In a statement, CAIT said that the deal pertains to important issues concerning "FDI policy, data security, competition, unfair practices etc. have been involved".

"Since the deal has a greater ramification on India's retail trade, a closer scrutiny is certainly warranted."

"Therefore, being the controller of the company, Walmart may use the data and other information as per its will and wish and the possibility of compromising the data can not be ruled out," he said, according to the statement.