CCI, in the most awaited order, has approved the combination of Walmart and Flipkart, holding that the $16-bn deal is unlikely to create AAEC in India. 

As a result, Walmart will hold approx 51%-77% of outstanding shares of Flipkart. 

On examination, CCI concluded that:

• The market share of Walmart in B2B sales in India is less than 0.5% and thus, the incremental changes are insignificant.
• There is no AAEC irrespective of the relevant market as all B2B sales or narrower B2B market on the basis of a particular category of products.
• The majority concerns raised by traders and retailers had no nexus to competition dimension. As a result, it could not consider the same.
• The issues concerning FDI would require policy intervention to ensure that e-platforms remain marketplace accessible for all.
• The deep discounting and preferential treatment to select e-tailers are not specific to the acquisition, as Flipkart is already prevalent in the market even without Walmart. Though, if any, action may be taken in future. 

For more: https://www.cci.gov.in/sites/default/files/Notice_order_document/Walmart%20PDF.pdf