New Delhi, Nov 26 (PTI) The Competition Commission on Tuesday granted approval to Alphabet’s arm Shoreline International Holdings LLC to acquire a stake in Walmart group firm Flipkart.

The Competition Commission of India (CCI) has granted approval to Google parent Alphabet’s arm Shoreline International Holdings LLC to acquire a stake in Walmart-owned e-commerce firm Flipkart.

The change is a strategic step towards integrating its holding framework with its principal business activities.