NIFTY 50

Flipkart looking to list overseas or in India by next year

Updated : December 07, 2020 13:59:32 IST

Flipkart is exploring options to list either in India or overseas. Sources suggest the Walmart owned company is exploring all options.

Walmart parent company of Flipkart is looking at value unlocking at this particular time. They are exploring all options whether it is a global listing or Indian listing.

They are looking at probably USD 35-40 billion of overall valuation for the company for the Indian business and that will depend on the kind of feedback they receive from the investors.

Walmart which has a substantial stake along with some of the investors would definitely want to part exit, and on the other hand USD 1 billion or so is what Flipkart is looking at raising from their own cash requirement as well.

CNBC-TV18’s Nisha Poddar gets more details.

Watch this video for more.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you