Walmart increases its 77% stake in Flipkart to 81.3%: Report
Walmart, which bought a 77% stake in Flipkart for $16 billion in May, has increased its stake in Flipkart to 81.3%, according to reports. The $2 billion in equity funding Walmart had announced at the time of the acquisition likely contributed to its increased shareholding. A Flipkart spokesperson denied the reports and reaffirmed that Walmart's stake remains at 77%. 