Flipkart shareholders Tencent and Tiger Global still own $1 bn worth stake each

Flipkart shareholders Tencent and Tiger Global still own $1 bn worth stake each: The Indian e-commerce giant has received a fresh cash infusion of $560.45 million from its majority shareholder; Walmart. According to regulatory filings, Flipkart’s Singapore based holding entity Flipkart Private Limited allotted 3,957,960 shares to Walmart’s Luxembourg entity FIT Holdings SARL at an issue price of $141.6 per share.

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

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