Flipkart raises $1 billion, tries hard to sustain its over-valuation
Recently, Morgan Stanley Institutional Fund Trust – a mutual fund arm of Morgan Stanley revised value of its each share in Flipkart at $50.51 per share as of December 2016, down 3.10% from $52.13 per share of September 2016.
Morgan Stanley and others slashing the value of their holding in Flipkart, a $10 billion valuation is not half as bad. Photo: Reuters