 "Walmart expected to buy a minority stake in Indian e-commerce site Flipkart: Report")
US retailer Wal-Mart Stores Inc is in advanced talks to buy a **minority stake** in Indian **e-commerce** firm Flipkart, Indian financial daily the Economic Times reported on 30 January. [caption id=“attachment_4237505” align=“alignleft” width=“380”]  Flipkart. Reuters.[/caption] Walmart could buy a 15 percent to 20 percent stake in Amazon.com Inc’s main competitor in India, the newspaper said, citing two anonymous sources. A deal could be finalized as early as March and may involve primary and secondary sales by longstanding Flipkart investors, the paper added. “We don’t comment on rumors and speculation,” Walmart spokesman Randy Hargrove told Reuters via email. Bengaluru-based Flipkart was not immediately available for comment outside regular business hours. The news comes nearly two years after Reuters reported that Walmart was looking to invest between $750 million and $1 billion in Flipkart.
A deal could be finalized as early as March and may involve primary and secondary sales by longstanding Flipkart investors
Advertisement
End of Article
 "Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty")
 "Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched")
 "Who is CP Radhakrishnan, India's next vice-president?")
 "Israel informed US ahead of strikes on Hamas leaders in Doha, says White House")
 "Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty")
 "Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched")
 "Who is CP Radhakrishnan, India's next vice-president?")
 "Israel informed US ahead of strikes on Hamas leaders in Doha, says White House")
](https://images.firstpost.com/wp-content/uploads/2017/12/flipkart-reuters_380.jpg){kind=link}