• Tuesday, June 28, 2022

Business

Walmart’s Flipkart plans

By: Eastern Eye Staff

RETAIL GIANT GIVES DETAILS OF LARGEST-EVER DEAL WALMART Inc said last Saturday (12) in a filing with a US regulator that it may take India’s Flip­kart public in as early as four years, detailing for the first time a potential listing timeline for Walmart’s largest-ever acquisition. Minority investors holding 60 per cent of Flipkart’s shares “acting together, may require Flipkart to effect an initial public offering” (IPO) four years after the close of the Walmart-Flipkart transaction, the Ar­kansas-based retailer said in a filing last Friday (11) with the US Securities and Exchange Commission. The IPO should be done at no…

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