Binny Bansal sold $30 mn Flipkart shares last year: Reports
Flipkart Co-founder Binny Bansal sold shares of the homegrown e-commerce startup, which were worth $30-35 million, in the buyback last year, according to reports. The sale of the shares brought Bansal's stake in the company down from 7.6% to 5.2%. US-headquartered investment firm Tiger Global's shareholding also got trimmed from 33.6% to 20.5%, the reports suggested.