Bengaluru: Binny Bansal, the co-founder of India’s leading e-tailer Flipkart, sold around 54 lakh of his equity shares valued at $76.4 million (Rs 531 crore) to world’s retail giant Walmart’s Luxembourg entity FIT Holdings SARL, business intelligence platform Paper.vc said on Monday. “Walmart increased its equity holding in Flipkart by buying 5,39,912 shares of its erstwhile […]
Tag: Binny Bansal
Flipkart Group CEO Binny Bansal quits over ‘misconduct’
Bengaluru : Flipkart Group Chief Executive Officer (CEO) Binny Bansal resigned on Tuesday over an alleged ‘serious personal misconduct’, the company said. “Bansal’s decision to quit came after an independent investigation done on behalf of Flipkart and Walmart into an allegation of serious personal misconduct,” the city-based e-commerce and its parent American retail giant Walmart […]
Binny Bansal resigns as Flipkart CEO
Bengaluru : Indian e-tail major Flipkart Group’s Chief Executive Officer (CEO) Binny Bansal resigned from the post on Tuesday, the company said in a statement. “Binny Bansal announced his resignation as the CEO of Flipkart Group, effective immediately,” the city-based Flipkart and its parent American retail giant Walmart said in a joint statement. Bansal’s decision […]
Net worth of Walton family which controls Walmart is $151 billion
The net worth of Walton family which controls the retailer Walmart Inc is about $ 151 billion, according to Forbes. Walmart is world’s largest retailer and it had announced on Wednesday that it will acquire 77 percent in Flipkart, valuing the e-commerce at about $21 billion. The world’s wealthiest family has by acquiring majority stake […]