Bharti Walmart, an equal joint venture between Bharti Enterprises and Walmart, is the first major investment made by the partners together.The partners have issued 120 million new shares from unissued share capital with a face value of INR10 (£130,000) each. Walmart will purchase 60 million shares for INR600m (£8.2m) through its holding company, Walmart Mauritius, while Bharti will make a direct investment into the joint venture firm. The funds will be used for capital and operational expenses.