trending Market Intelligence /marketintelligence/en/news-insights/trending/uu19keqyy5dvl7bwvogw4w2 content esgSubNav
In This List

Report: Japan's SoftBank eyes Flipkart exit

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

TMT Digital Newsletter: May 2021

Blog

Fintech Intelligence Digital Newsletter: May 2021


Report: Japan's SoftBank eyes Flipkart exit

Japanese giant SoftBank Group Corp. is in talks with U.S retail behemoth Walmart Inc. to sell its stake in Flipkart Online Services Pvt. Ltd., The Times of India reported May 12, quoting sources close to the negotiations.

A deal may be reached in the next few days, according to the report. SoftBank is Flipkart's largest shareholder, holding a 22.3% stake.

Walmart announced recently it will buy a 77% controlling stake in the Indian e-commerce company for about $16 billion in cash and debt.