Walmart Stores infused Rs 623 crore into its Indian cash-and-carry operations in June 2014. The equity infusion will fund the working capital and capex requirements of Walmart’s cash-and-carry business in India.

As per a company resolution submitted to the Registrar of Companies on 16 July, Rs 623 crore was allotted as share application money by the parent company. Walmart India had earlier raised a cumulative Rs 1,328 crore from its US-based parent.

This is the second largest capital infusion by Walmart after its October 2013 separation from Bharti Walmart. Walmart acquired the 50 per cent stake held by Bharti Retail to go solo with the cash-and-carry venture.

Walmart currently operates 20 Best Price wholesale stores in India but the business had stalled in the last two years. With these funds the retailer is expected to roll out more stores in the coming months.