The notices were sent to the promoters of India’s top e-tailer along with similar ones sent to 35 other stakeholders who had some shareholding in the company. Both the Bansals had more than 5% stake each in Flipkart. In a share-purchase agreement signed between Walmart International Holdings and Flipkart Singapore on May 9, the former acquired 77% of the shares of Flipkart for around $16 billion.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2BpJALe
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