New Delhi, Aug 20: The Confederation of All India Traders (CAIT) on Monday called for an all India traders strike against the Walmart-Flipkart deal on September 28.

"We are organising a 'Bharat Trade Bandh' (All India Traders Strike) on September 28 against the Walmart-Flipkart deal. We want the government to nullify the deal as it is against the sector," CAIT Secretary General Praveen Khandelwal told IANS.

"We have also planned a host of other activities like a mega trader protest march to gain public support against the deal."

Accordingly, the confederation has called for a 'Bharat Trade Bandh' on September 28 and a massive nationwide 'Rath Yatra' to begin on September 15 and a mega traders rally on December 16 at New Delhi.

On Saturday, Walmart Inc. acquired approximately 77 per cent stake in e-commerce major Flipkart. Accordingly, Walmart now holds approximately 77 per cent of Flipkart, while the remainder of the business is held by other shareholders, including Flipkart co-founder Binny Bansal, Tencent, Tiger Global and Microsoft Corp.

Walmart's investment includes $2 billion of new equity funding to help accelerate the growth of the Flipkart business and both companies will retain their unique brands and operating structures in India.

(The above story first appeared on LatestLY on Aug 20, 2018 07:30 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).