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Economy

Walmart close to buying majority stake in Flipkart

Updated : April 12, 2018 01:53 PM IST

Walmart will buy both new and existing Flipkart shares.
Japan’s SoftBank Group is unlikely to sell any of its shares.
Investors such as Tiger Global, Accel and Naspers will likely sell their entire stakes.
Walmart close to buying majority stake in Flipkart

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