Flipkart to buyback shares to regain private status: Reports
Flipkart has reportedly set aside $400 million to buyback shares from small investors as it is looking to regain private company status. Flipkart, which is registered as a public company in Singapore, must drop its number of shareholders to below 50 to regain the status, reports added. This comes amid speculation of US-based Walmart buying a controlling stake in Flipkart.