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TCS said it will leverage its expertise in cloud computing, artificial intelligence (AI), and cybersecurity to assist Asda in executing a seamless, secure and timely divestiture. 

TCS To Aid In Digital Revamp Of UK&#39;s 3rd Largest Supermarket Chain After Walmart Exits Asda

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In 2018, Walmart bought a 77% stake in Flipkart for $16 billion (₹1.31 lakh crore), which decreased to 72% last year.

US Retail Giant Walmart Buys Out Hedge Fund&#39;s Stake To Add Another $1.4B To Its Big Flipkart Bet

The reported exits come about five months after the ecommerce company said it would buy back employee stock options worth $700 million.

Flipkart Stares At A String Of High-Level Exits

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PhonePe&#39;s domicile in India strongly suggests the likelihood of a domestic listing when the time is appropriate for the company to go public, the CEO said.

PhonePe Eyeing Indian IPO? Walmart CEO Hints At Possibility Amid Growth Praise

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