After taking a long break from the limelight, once again Walmart is coming into the discussion ever since the management made a shocking announcement related to Flipkart. Yes, you heard right, Walmart made the huge decision in a certain manner which no one had even imagined but a few experts are claiming that it will be proven beneficial for them in the future as Flipkart is going to hold the sale. Almost everyone is acquainted with the sale and its profit as thousands of peers wait for the day of the sale. Below you can explore further information you need to know.
As per the exclusive reports or sources, ever since Walmart made the decision it left everyone stunned because no one even supposed that, Walmart will reimburse $1.4 billion (roughly Rs. 11,520 crores to buy out hedge budget Tiger Global’s investment in e-commerce firm Flipkart. Hence, the revolutionary step left everyone in a huge discussion because, before this, Walmart or any other firm did not show interest like this which is a bit eye fetching, and therefore, no one would like to be ignorant of anything.
Walmart Buys Out Tiger Global’s Stake in Flipkart
Besides all these, the spokesperson of Walmart confirmed the news on Sunday, while showing the transaction through an e-mail which is currently making huge headlines. In short, the management stamped the news so that, no rumor or misleading can take place, and therefore on social media many are finding more because the reason behind all these is great and maybe it is just a glimpse and the rest of the news is remaining wrapped. Because as far as we are concerned things are a bit vast and take time to disclose.
Even, in a statement Walmart’s spokesperson mentioned that “We remain assured in the future of Flipkart and are even more optimistic about the possibility in India today than when we first invested”. After being collided with the statement many reactions have been posted officially on social networking sites in a certain manner while visiting Twitter where they shared further updates. But the experts are saying, that it is a great step towards investing and this is the reason, Walmart would go into a profit as everyone is aware of Flipkart’s sale which is going to hold soon.
So here, we have conferred the details which is based on the details shared by Walmart and other trusted sources and therefore, still a few are pending to be unveiled and soon will take place while putting the curtains off in a certain manner. If you want to go through with further updates then you can visit the official handle of the authorities. Stay tuned with us and do follow Techballad.