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After Walmart deal, here are the smart tips for new Flipkart millionaires

Avoid making big decisions too quickly, said Shiv Gupta, CEO, Sanctum Wealth Management

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Walmart wants to pick up a controlling stake in the Bengaluru-based firm, valuing it at around $18-20 billion. | Photo: Reuters

Tinesh BhasinSanjay Kumar Singh
In the wake of the deal with Walmart, a large number of Flipkart employees will make windfall gains from their stock options. Business Standard spoke to some of the country’s top wealth managers for suggestions on how these individuals should invest their new-found wealth and the mistakes they should avoid.


Avoid making big decisions too quickly
 
Shiv Gupta, CEO, Sanctum Wealth Management

Stories abound of sports stars and entrepreneurs who have squandered their wealth due to poor planning. Fortunately, there are