Binny Bansal traded 54 lakh of his equity shares worth $76.4 mn to Walmart
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The co-founder of Flipkart, Binny Bansal traded around 54 lakh of his equity shares worth $76.4 million to e-commerce giant Walmart's Luxembourg entity FIT Holdings SARL, business intelligence platform Paper.vc said on Monday. With the acquisition of 5,39,912 shares, Walmart has increased its equity holding in Flipkart. "As per regulatory filings by Flipkart, Bansal transferred 5,39,912 of his shares to Walmart," Paper.vc.