Binny Bansal sells Flipkart stake worth $250m to Chinese tech giant Tencent

Binny Bansal sells Flipkart stake worth $250m to Chinese tech giant Tencent

Binny Bansal listens during an interview in Bengaluru, India, on Monday, June 20, 2016. Photographer: Namas Bhojani/Bloomberg

Chinese tech giant Tencent Holdings Ltd has bought a stake worth nearly $250 million in Flipkart from the Walmart-controlled Indian e-commerce giant’s co-founder Binny Bansal, show filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA) accessed by DealStreetAsia – DATA VANTAGE.

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