SoftBank readies to sell its Flipkart stake to Walmart
Updated : May 22, 2018 11:52 AM IST
The company was earlier reluctant to sell the stake due to concerns regarding tax issues and expectation of increase in share value.
The exit from Flipkart, the report said, will aid the company in increasing its investment in Paytm Mall.
This could lead to a three way competition in country’s e-commerce market between Amazon, Flipkart and Paytm Mall.