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Accel, Tiger Global mull exiting India's Flipkart in $1.5 billion stake sale - ET

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Channel NewsAsia
By Cna

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Private equity firms Accel and Tiger Global, two early backers of Indian e-commerce firm Flipkart, are in talks to sell their remaining stake in the company to parent Walmart Inc for about $1.5 billion, the Economic Times reported on Thursday.

The stake, which collectively amounts to about 5 per cent, would raise Walmart's ownership in the e-commerce giant from the current 72 per cent, the newspaper reported citing people familiar with the matter.

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