Talks with Wal-Mart in final stage: Bharti

Bharti Enterprises today said it was close to finalising a deal with global retail leader Wal-Mart for its retail foray, though the US giant had described the talks between the two as "preliminary". "Talks are going on fine, its in the final stage and we are in the final position," Bharti Enterprises Joint Managing Director Rajan Bharti Mittal told reporters here. Bharti and Wal-Mart are discussing setting up a wholesale cash-and-carry business, developing supply chain and logistics. A Wal-Mart spokesperson had yesterday said: "At this stage, we are still in preliminary discussions".
courtesy:economictimes
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