Could Walmart Acquire Majority Stake in India’s Flipkart?
According to The Economic Times, Walmart (WMT) could soon announce a majority stake in Flipkart, one of India’s leading e-commerce players. The financial daily, citing people familiar with the matter, stated that Walmart could initially acquire a 20.0%–26.0% stake in Flipkart, and eventually raise it to 51.0%.