Walmart paid $3.5 bn to buy Flipkart shares from Binny Bansal, Tiger Global & others
The Statesman|September 03, 2023
Retail giant Walmart has paid around $3.5 billion to acquire shares in e-commerce major Flipkart from non-controlling stakeholders, including co-founder Binny Bansal and top investment firms Tiger Global and Accel, among others.
Walmart paid $3.5 bn to buy Flipkart shares from Binny Bansal, Tiger Global & others

In a Securities and Exchange Commission (SEC) filing in the US, the company said that during the six months ended July 31, 2023, “the company paid $3.5 billion to acquire shares from certain Flipkart non-controlling interest holders and settle the liability to former non-controlling interest holders of PhonePe”.

This story is from the September 03, 2023 edition of The Statesman.

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This story is from the September 03, 2023 edition of The Statesman.

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