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Walmart may infuse $1.2 bn for funding Flipkart’s operation
short by Arundhati Rawat / on 12 Jun 2019,Wednesday
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.
short by Arundhati Rawat / 09:08 pm on 12 Jun
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