Binny Bansal (File Photo/IANS)

Flipkart co-founder sells part stake to Walmart for 531 cr

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 […]

Walmart e-entry makes India attractive to global majors: Experts

Bengaluru :  The whopping $16-billion mega deal by global retail giant Walmart with the country’s leading e-tailer Flipkart for majority stake makes India an attractive destination for global majors in the digital space, industry experts said on Wednesday. “The deal indicates attractiveness of India’s consumption market for global majors. With Walmart acquiring majority stake in […]