The CAIT, which has challenged the CCI#39;s approval of Walmart#39;s USD 16 billion acquisition of Flipkart, in its reply filed before the NCLAT has said that the US retail major "may cause an appreciable adverse effect on competition" in the domestic market post combination as its "predatory tendencies" would be on a much larger scale .Walmart may repeat #39;predatory behaviour#39; in India as well: CAIT to NCLAT
The CAIT, which has challenged the CCI#39;s approval of Walmart#39;s USD 16 billion acquisition of Flipkart, in its reply filed before the NCLAT has said that the US retail major "may cause an appreciable adverse effect on competition" in the domestic market post combination as its "predatory tendencies" would be on a much larger scale .
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