US retailer Walmart has paid $334 million to break from its six-year joint venture partnership with Indian company Bharti Enterprises.

Walmart has settled debt of about $234 million in connection with agreements related to the Bharti retail business and spent another $100 million buying out the Indian partner’s stake from the then 50:50 cash-and-carry joint venture — Bharti Walmart.

The transaction resulted in a net loss of about $151 million, stated Walmart, in its income statement.

The retail giant ended its JV with Bharti in October to fully operate the 20 wholesale stores Best Price Modern.

Walmart says it is bullish about its prospects in India, planning to open 50 Best Price Modern stores over the next five years.