:Private equity firms Accel and Tiger Global, two early backers of Indian e-commerce firm Flipkart, are in talks to sell their remaining stake in the company to parent Walmart Inc for about $1.5 billion, the Economic Times reported on Thursday. The stake, which collectively amounts to about 5 per cent, would
:Private equity firms Accel and Tiger Global, two early backers of Indian e-commerce firm Flipkart, are in talks to sell their remaining stake in the company to parent Walmart Inc for about $1.5 billion, the Economic Times reported on Thursday.
"They want to sell and exit now fully. The discussions are moving ahead and the transaction will close in due time," a person familiar with the matter told ET. Flipkart, Walmart and Tiger Global did not immediately respond to Reuters' requests for comment. Accel could not be immediately reached for a comment.
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