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Walmart's Additional Stake In Flipkart To Fuel E-commerce?
Article By:
Zacks Investment Research
Monday, July 31, 2023 2:37 PM EDT
Apparently, Walmart has paid $1.4 billion for Tiger Global's stake in Flipkart, valuing Flipkart at $35 billion. The move underscores Walmart’s confidence in the prospects of Flipkart as well as the Indian market.