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Flipkart acquisition News

Flipkart-Walmart deal

14 May 2018

Flipkart's stake acquisition 'credit positive' for Walmart: Moody's

On May 9, Walmart Inc said it is buying a 77 percent stake in Indian e-commerce retailer Flipkart for about USD 16 billion, but it is yet to disclose financing plans.

Flipkart-Walmart deal

11 May 2018

SoftBank undecided on exiting Flipkart

Walmart had on Wednesday announced that it will pay about USD 16 billion to buy 77 percent stake in Flipkart.

Walmart India stores

10 May 2018

Walmart to open 50 new stores in India in 4-5 years

Flipkart gives Walmart an online presence.

Flipkart-Walmart deal

10 May 2018

Sachin Bansal quits after Walmart-Flipkart deal, writes emotional post on FB

Sachin had once categorically said in an interview that he will never sell Flipkart.

Flipkart-Walmart deal

10 May 2018

Walmart CEO addresses Flipkart staff; says deal among best decisions

In the biggest M&A deal in the booming e-commerce sector, Walmart announced buying 77 percent stake in Flipkart for about USD 16 billion (Rs 1.05 lakh crore).

Flipkart-Walmart deal

10 May 2018

Walmart shares tumble over 4%; m-cap falls nearly $10 bn

The deal values Flipkart at USD 20.8 billion.

10 May 2018

Sachin, Binny journey: From Kart to Mart

After working for e-c0mmerce giant Amazon, the two friends set up Flipkart.

10 May 2018

eBay to sell stake in Flipkart for about USD 1.1 billion; to relaunch eBay Ind

Only last year, Flipkart group raised USD 1.4 billion from global technology majors eBay, Tencent and Microsoft.

Flipkart-Walmart deal

10 May 2018

Traders oppose Walmart-Flipkart deal, industry gives thumbs up

The Confederation of All India Traders (CAIT) said the deal is nothing but a clear attempt to control and dominate the retail trade in India by Walmart through e-commerce in the long run.

Flipkart-Walmart deal

09 May 2018

Walmart buys controlling stake in Flipkart for $16 billion

Sachin Bansal, who had co-founded Flipkart with Binny Bansal 11 years ago, will make his exit from the company by selling his entire stake (over 5 percent) to Walmart.

Flipkart-Walmart deal

09 May 2018

Walmart reaches final agreement with Flipkart, official announcement soon

Walmart will likely end up with upto 80 percent of Flipkart, valuing the company at about USD 20 billion.

Flipkart capital gains tax

09 May 2018

'Flipkart founders may be liable for 20% capital gains tax after stake sale

The Indian e-commerce major is in discussions to sell majority holding to Walmart and an announcement to this effect is likely to be made soon.

Flipkart-Walmart deal

09 May 2018

Walmart to announce Flipkart deal today: 10 major developments

Walmart will likely end up with upto 80 percent of Flipkart, valuing the company at about USD 20 billion.

Flipkart-Walmart deal

08 May 2018

Walmart likely to announce Flipkart deal before end of week

Walmart and Google parent Alphabet Inc will buy up to 75 percent of Flipkart, the two sources familiar with the matter said, declining to be named as the talks are private.

Competition Commission

23 May 2017

CCI approves Aceville's stake acquisition in Flipkart

The Competition Commission has given its nod to the Aceville's acquisition of stake in e- commerce major Flipkart.

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