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Walmart's Flipkart considers listing in US via SPAC merger: Report
short by Rishabh Bhatnagar / on Thursday, 4 March, 2021
Walmart-owned Flipkart is considering going public and listing in the US through a merger with a special purpose acquisition company (SPAC), reported Bloomberg. Flipkart could reportedly seek a valuation of $35 billion in a blank-cheque transaction. Grofers is also reportedly exploring a SPAC merger, while Gurugram-based ReNew Power last week agreed to a SPAC merger for listing in the US.
read more at BloombergQuint