BHARTI YET TO DECIDE BETWEEN WALMART & TESCO

Bharti’s partner for its much awaited retail foray is likely to be finalised shortly. In the face of speculation about its partner - Tesco or Walmart, Bharti Enterprises chairman Sunil Mittal said a final decision has not yet been taken in the matter.

“We are going through the process of finalising the details. No decision has been taken as yet, we are engaged in an inward process that seeks to tie-up all details. We will shortly make an announcement,” Mittal said,

He added details like the size of the investment, the brand name had not been finalised and would happen only after the partner is decided.

It may be recalled that Bharti had been planning an ambitious retail foray, separate from its existing farm produce venture, for over a year now. The company has talked with the likes of Tesco, Walmart and even Carrefour. Till date, Tesco has been seen as the leading contender for partnering Bharti.