Flipkart closes $350m share buyback as it prepares to sell majority to Walmart

Flipkart closes $350m share buyback as it prepares to sell majority to Walmart

Photographer: DHIRAJ SINGH/Bloomberg

Flipkart has bought back shares worth $350 million from several minority investors, including DST Global, IDG Ventures and ICONIQ Capital, as India’s most valuable internet start-up prepares to sell a majority stake to Walmart Inc.

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