INSUBCONTINENT EXCLUSIVE:
seeks to convert its Singapore-incorporated company to a private limited firm, in a move that could ease the way in for a new strategic
US retail giant Walmart Inc is in advanced talks with Flipkart to acquire a controlling stake of more than 51 percent in the Bengaluru-based
e-commerce firm at a valuation of at least $18 billion, sources previously told Reuters.: Amazon Offers To Buy 60% Stake In Flipkart:
ReportFlipkart Ltd purchased shares for $350.5 million from some of its investors including Tiger Global and Accel, according to May 3
regulatory filings from Singapore's Accounting and Corporate Regulatory Authority, sourced by business intelligence platform paper.vc.It
also began the process of converting Flipkart to a private limited company, changing its name to Flipkart Pte Ltd, the filings
showed.Stakeholders in a private limited company are usually bound by a contract and have more flexibility than in a public
company."Typically strategic investors don't like to deal with multiple shareholders because it just becomes more cumbersome," a senior
headline, this story has not been edited by staff and is published from a syndicated feed.)
