Where is the stock issue?
If Flipkart completes this plan, Walmart is also expected to double its investment. Flipkart is likely to choose Singapore or US for its share issue. Flipkart is located in Singapore.
But its parent company, Walmart, is headquartered in the United States. It is also said that if Flipkart is listed in the United States, it can raise huge money. However, no official word has come from Flipkart or Walmart.
May be released soon
However, it has been reported that procedures and consultations are ongoing in this regard. It also looks like the company has set up consultants to implement it soon. Some more information has been given to the stock exchanges for approval.
Public share issue
Overall, it is expected that this public offering will be available by the end of 2021. However, the stock is not expected to be released until the end of 2022. However, it is expected that such projects will be slightly delayed during this time of crisis.
Walmart acquired a 77 percent stake in Flipkart in 2018 for $ 16 billion. This investment is the largest single FDI in India.
Sachin Bansal and Binny Bansal are the founders of Flipkart, one of India’s leading successful startups.