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This pegs the valuation of Flipkart on the secondary market at around $20 billion, higher than what was initially estimated

Flipkart board okays Walmart's $15 bn offer; SoftBank, Tiger Global to exit

The Flipkart board has given its approval to a deal that will see US retail giant Walmart picking up close to 75 per cent in the Bengaluru-headquartered company with an investment of around $15 billion, putting to rest months of speculation surrounding the largest deal in the country’s fast-emerging Internet sector.

The deal could be formalised as early as next week, with the signing of the papers, said a highly-placed source privy to the discussion. 

SoftBank, the largest investor in Flipkart, will cash out its stake of over