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Walmart may make Flipkart public via IPO route in as little as 4 years

The IPO should be done at no less a valuation than that at which Walmart invested in the Indian e-commerce firm, says Walmart filling

Reuters  |  Mumbai 

Walmart Inc said on Saturday in a filing with a US regulator that it may take India's Flipkart public in as early as four years, detailing for the first time a potential listing timeline for Walmart's largest-ever acquisition. Minority investors holding 60 percent of Flipkart's shares "acting together, may require Flipkart to effect an initial public offering" (IPO) four years after the close of the Walmart-Flipkart transaction, the Bentonville, Arkansas-based retailer said in a May 11 filing with the U.S. Securities and Exchange Commission. The IPO should ...

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First Published: Sat, May 12 2018. 12:19 IST
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