Flipkart’s board of directors has given an approval to sell approx 75% stake to a group led by Walmart, for approx USD 15 billion.

As a part of the deal, Google’s parent company Alphabet might also acquire a stake in Flipkart. Softbank Group will sell its 20% stake in Flipkart, that it owns via an investment fund. Furthermore, the deal will be closed in 10 days but few of its terms may be susceptible to change later.

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