Walmart to Infuse $2-3 Billion as Fresh Equity in Flipkart Following Deal
Walmart to Infuse $2-3 Billion as Fresh Equity in Flipkart Following Deal Flipkart’s board recentlyapproved a $15 billion deal with Walmartto sell close to 75% of the Bangalore-based company to the US retail giant. Walmart is now planning to infuse $2-3 billion as fresh equity in Flipkart to further strengthen its hold over the company. Along with Walmart, Google’s parent Alphabet is expected to invest in the deal which will value Flipkart at around $20 billion....