Flipkart co-founder sells part stake to Walmart for Rs 531 crore

Binny Bansal, the co-founder of India's leading e-tailer Flipkart, sold around 54 lakh of his equity shares valued at $76.4 million (Rs 531 crore) to world's retail giant Walmart's Luxembourg entity FIT Holdings SARL, business intelligence platform Paper.vc said on Monday.

from Gadgets Now http://bit.ly/2N7tZb3