Flipkart co-founder Binny Bansal sells more than 5 lakh shares to Walmart, says report
Updated : June 24, 2019 10:02 AM IST
Flipkart, in a regulatory filing quoted by the report, said Bansal transferred more than five lakh shares to FIT Holdings SARL, Walmart’s Luxembourg entity.
The report said that this was not the first time Bansal monetized his holding in Flipkart as his holding fell from 74,76,271 equity shares pre-acquisition to 63,53,838 equity shares post-acquisition.
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