-- Walmart Inc. is in discussions with Tata Group for a potential investment of $20 billion to $25 billion in the Indian company's upcoming super-app business, Indian newspaper Mint reports, citing unnamed sources.

-- The two firms are expected to jointly run the new digital platform, which will offer products and services including food delivery and bill payment, and more foreign investors may be roped in, Mint reports.

-- The app's valuation is estimated at around $50 billion to $60 billion, according to Mint.

Full story: https://bit.ly/2HFeMvH

Write to Singapore editors at singaporeeditors@dowjones.com

(END) Dow Jones Newswires

September 28, 2020 21:20 ET (01:20 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
Walmart (NYSE:WMT)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Walmart Charts.
Walmart (NYSE:WMT)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Walmart Charts.