Walmart, Flipkart, the country's largest e-commerce company, sold for 1 million 7 thousand crores
America's retail giant Wal-Mart has bought 77 percent stake in India's e-commerce company Flipkart.
New Delhi: Wal-Mart has bought Flipkart, the country's largest e-commerce company. America's retail giant Wal-Mart has bought 77 percent stake in India's e-commerce company Flipkart. This is the biggest deal of any online company in the country, which is worth about Rs. 1, 7, 616 crore.
According to sources, Wal-Mart Inc. and Flipkart have announced this big deal today. In Bangalore, Wal-Mart has bought a majority stake in the Indian company for $ 16 billion or 1 lakh 7 thousand 616 crore. In this regard, the company's valuation will be $ 20 billion. Sun told in Tokyo that last deal was concluded last night about this deal. Flipkart has been decided to sell Walmart. Flipkart has a 20 percent stake in Sun's company.
Many major investors in Flipkart will sell their entire stake in the company. Both Softbank Group and Tiger Global Management of Japan will sell their entire 20-20 per cent stake in Flipkart.
This is the biggest purchase in the US company Walmart's online space, and it is the company's preparation for this acquisition to make its coin in the online business in India.
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