know-how from Wal-Mart. Retail is one of the toughest businesses to be in currently and although the Bharti Group is well funded, they may look for expertise,” says Abneesh Roy, associate director, Institutional Equities Research, Edelweiss Securities .
“Now what needs to be seen is what happens to the prior commitments that Bharti had made especially the ones related to land leasing,” Rajagopalan adds.
Both the companies began their partnership in 2007, after which Bharti set up easyday stores under Bharti Retail. It was anticipated that once the government allows foreign companies to invest in front-end, Wal-Mart would pick up equity stake in the venture.