Walmart spends $1.4 billion to increase its stake in India's Flipkart: report

WSJ News Exclusive | Walmart Pays $1.4 Billion to Boost Flipkart Stake

Purchase of shares from Tiger Global values Indian e-commerce company at about $35 billion

Walmart buys Tiger Global’s remaining Flipkart stake for $1.4 bn

BusinessRetail giant Walmart has reportedly paid $1.4 billion to acquire VC form Tiger Global’s remaining shares in the e-commerce major.IMAGE FOR REPRESENTATIONRetail giant Walmart has reportedly paid $1.4 billion to acquire VC form Tiger Global’s remaining shares in the e-commerce major. According to a report in Wall Street Journal, Walmart has paid the money to boost Flipkart’s stake. “Purchase of shares from Tiger Global values the Indian e-…

Walmart Boosts Stake in Flipkart. Why U.S. Companies Love India.

India surpassed China as the world’s most populous country in April, according to U.N. estimates, and is expected to stretch its lead significantly by 2050.

Walmart Buys Tiger Global’s Remaining Flipkart Stake For $1.4 Billion: Report

According to a report in Wall Street Journal, Walmart has paid the money to boost Flipkart’s stake.

Walmart buys out $1.4 billion Tiger Global stake in India's Flipkart, Wall Street Journal reports

Walmart has paid $1.4 billion to buy out hedge fund Tiger Global's investment in its Indian e-commerce firm Flipkart and acquired private equity firm Accel's remaining 1% stake in the company as well, media reports said on Monday.

Walmart Buys Out Tiger Global's Stake, Adds Another $1.4B To Its Bet On India's Flipkart

This story was first published on the Benzinga India portal. Retail giant Walmart Inc (NYSE: WMT) recently spent $1.4 billion (INR 115.15 billion) to purchase the remaining Flipkart shares from Tiger Global, boosting its stake in the Indian e-commerce startup. This transaction has allowed New York-based hedge fund Tiger Global to make a $3.5 billion (INR 287.8 billion) profit from an initial investment of $1.2 billion (INR 98.71 billion), accord…