India: Flipkart valuation shrinks as T Rowe Price dilutes stake yet again

India: Flipkart valuation shrinks as T Rowe Price dilutes stake yet again

Visual from FlipKart website

Flipkart Ltd was devalued for the second time this month with T Rowe Price, a global investment management firm, shedding the value of its holding in the company to $96.29 per share, a 20 per cent erosion, according to a filing made to the US Securities and Exchange Commission (SEC), for the quarter ended June.

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