Flipkart sale to Walmart: Binny Bansal to stay, this is who will leave
"The buyback will enable the e-commerce giant to bargain for a favourable deal with the US-based retail behemoth Walmart, which is eyeing a majority or controlling equity stake in it to foray into the multi-billion dollar Indian retail space," a market analyst told IANS.
Flipkart's valuation is estimated to be $18 billion. Image source: Reuters