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Walmart-Flipkart deal

Friday, April 13, 2018

New Delhi: US-based retail giant Walmart is in discussion with Flipkart to buy stake in the e-commerce company, a deal that is expected to value the Indian firm at about USD 20 billion, sources close to the development said.

According to the sources, Walmart is in talks to buy shares from Flipkart and its investors. The contours of the deal, which is yet to reach a conclusive stage, are still being worked out.

The sources declined to be identified as the matters are private. The deal, which is likely to be carried out in tranches, will include purchase of primary and secondary shares, one of the sources said.
 

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