The Competition Commission of India (CCI) has approved Alphabet Inc.'s Shoreline International Holdings LLC to purchase a portion of Walmart-owned Flipkart, marking a significant milestone for the country's e-commerce industry.

Flipkart is a subsidiary of Walmart Inc and ultimately belongs to the Walmart Group. It is primarily engaged in the business of wholesale cash and carry of goods and providing marketplace-based e-commerce platforms to facilitate trade between customers and sellers in India.

Flipkart is a subsidiary of Walmart Inc and ultimately belongs to the Walmart Group. It is primarily engaged in the business of wholesale cash and carry of goods and providing marketplace-based e-commerce platforms to facilitate trade between customers and sellers in India.

The Competition Commission approved Alphabet's Shoreline International Holdings LLC's stake acquisition in Flipkart, a Walmart group firm. This involves share subscription, further cementing Alphabet's investment strategy in Indian e-commerce.

India's Competition Commission (CCI) has approved Google parent Alphabet's investment in Flipkart. Alphabet's Shoreline International Holdings will acquire a stake in the Walmart-owned e-commerce giant.

The Competition Commission on Tuesday approved Alphabet's arm Shoreline International Holdings LLC to acquire a stake in Walmart group firm Flipkart. Shoreline International Holding is a wholly-owned subsidiary of Google's parent firm Alphabet Inc.