Walmart may buy Flipkart’s share; Board approves the agreement
Megha Jain
Content Head
An agreement between the Flipkart India and Walmart has got the nod of the board of Flipkart Online Services Pvt. The company will about 75% of share to Walmart Inc for Approx $15 billion. Under this deal, SoftBank Group Corp will be selling its 20-plus percent stake in Flipkart whose value is estimated to $20 billion. The final announcement about the deal will come within ten days.
