Walmart may infuse $1.2 bn for funding Flipkart’s operation

Walmart may use $1.2 billion of cash and cash equivalents lying in its reserve for funding Flipkart’s operation, YourStory reported citing filings with the SEC. "Approximately $1.2 billion can only be accessed through dividends or inter-company financing arrangements subject to approval by Flipkart minority shareholders," filings stated. Walmart acquired 77% stake in Flipkart last year.