However, it was challenged and later South Africa's Competition Tribunal gave its approval in 2011 for the merger subject to conditions proposed by the two companies. In a statement issued in May 2011, Walmart had said the tribunal has announced that Massmart deal can proceed to finality and has accepted the conditions proposed by the two companies. The conditions, included setting up of a "R100 million supplier development fund, no merger-related retrenchments for a period of two years…," as per the statement. As per the notice submitted to the CCI, the acquisition of majority stake in Flipkart would be done through Wal-Mart International Holdings. The proposed transaction would be effected pursuant to the share purchase agreement and the share issuance and acquisition agreement entered into on May 9 by and among Walmart's subsidiary and Flipkart, it added. Mergers and acquisitions beyond a certain threshold require the approval of the CCI.