Where is the issuance of shares?
If Flipkart completes this plan, Walmart is also expected to double its investment. It is also said that Flipkart will likely choose Singapore or the US for its share issue. Flipkart is based in Singapore.
Walmart of America
But its parent company, Walmart, is based in the United States. It is also said that if Flipkart is listed in the United States, it could raise huge funds. However, there has been no official news from Flipkart or Walmart.
May be released soon
However, it has been reported that procedures and consultations are being carried out in this regard. It also appears that the company has set up consultants to implement this soon. More information has been provided to the stock exchanges for approval.
Issuance of public shares
Generally, this public offering is expected to be available in late 2021. Although no, the shares are expected to be issued in late 2022. However, such projects are expected to be delayed a bit during this time of crisis.
Walmart acquired a 77 percent stake in Flipkart in 2018 for $ 16 billion. This investment is the largest foreign direct investment in India.
Sachin Bansal and Binny Bansal are the founders of Flipkart, one of India’s leading successful startups.
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