SoftBank to sell Flipkart stake to Walmart, first known Vision Fund divestment

SoftBank to sell Flipkart stake to Walmart, first known Vision Fund divestment

Pedestrians walk past a SoftBank Group Corp. store in Tokyo, Japan. Photographer: Tomohiro Ohsumi

SoftBank Group Corp  said on Wednesday it is selling its roughly 20 per cent stake in Indian e-commerce firm Flipkart to Walmart Inc, the first public divestment by its Vision Fund.

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