Welcome to the world of facts and news: Tencent buys stake worth $264 million in Flipkart from Binny Bansal

Tencent buys stake worth $264 million in Flipkart from Binny Bansal

The transaction was completed on October 26, 2021 and was shared with the government authorities at the beginning of the current financial year. Post the transaction, Tencent arm holds 0.72 per stake in Flipkart which is valued at around USD 264 million, as per last valuation of USD 37.6 billion disclosed by the e-commerce firm in July 2021.

from Tech-Economic Times https://ift.tt/iBcUwWv

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