date:Aug 21, 2018
ed rival Amazon.
With the completion of the investment, Walmart now holds approximately 77 percent of Flipkart. The remainder of the business is held by other shareholders, including Flipkart co-founder Binny Bansal, Tencent, Tiger Global and Microsoft Corp, a statement said.
Flipkart's existing management team will continue to lead the business. Walmart and Flipkart will retain their individual brands and separate operating structures in the country.
According to businesstoday.in, Walmart, w