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Investors may force Walmart to bring Flipkart IPO within next four years

The deal's terms give investors controlling as little as 14 percent of Flipkart's shares the right to require Walmart to take the Indian company public in as soon as four years

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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

Shahien Nasiripour | Bloomberg
Walmart Inc, the world’s largest retailer, could be forced to publicly list its newly acquired Indian e-commerce company, Flipkart Group, within four years at the request of a small minority of Flipkart shareholders, a public filing shows.

Walmart’s $16 billion purchase this week of India’s biggest online seller gave the Arkansas-based retailer a 77 percent stake in Flipkart and a foothold in a country with 1.3 billion people and one of the world’s fastest growing economies. That the purchase for India’s most valuable startup gave Walmart a leg up over its chief rival, Amazon.com Inc, which has been investing heavily in