Gold Silver Reports (GSR) – Flipkart Deal: Tax Department Will Act Once Walmart Obtains Regulatory Nod — E-commerce major Flipkart has shared some details with the income tax authorities on its $16-billion deal with U.S.-based Walmart, but the Income Tax Department will act only after regulatory approvals have been obtained, an official said.
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Walmart Close to $12 Billion-Plus Deal for Flipkart
Gold Silver Reports (GSR) – Walmart Close to $12 Billion-Plus Deal for Flipkart – All the major investors in Flipkart Online Services Pvt are now on board with the Walmart purchase, after an earlier debate over an Amazon.com Inc. acquisition, said the people, asking not to be named because the matter is private. Tiger Global Management will sell nearly all its 20 percent stake in Flipkart, while SoftBank Group Corp. will offload a substantial part of its 20 percent-plus holding, the people said. Walmart will likely end up with 60 percent to 80 percent of Flipkart, valued at about $20 billion, they said.
Walmart Likely To Close $12 Billion Deal For Flipkart Control
Gold Silver Reports (GSR) – Walmart Likely To Close $12 Billion Deal For Flipkart Control – Walmart will take stake of 60-80 percent in India’s biggest e-commerce company with all existing investors backing the deal, people familiar with the matter said.
India’s Biggest E-Commerce Flipkart Needs Walmart to contend with Amazon; Incredible Patience and lots of Capital
Gold Silver Reports (GSR) – India’s Biggest E-Commerce Flipkart Needs Walmart to contend with Amazon; Incredible Patience and lots of Capital. An acquisition by Walmart will give the Indian unicorn a “second life”, he told BloombergQuint in an interview. “Head to head, Flipkart has no chance to get Amazon. Over time, Amazon would have outlasted them.”