Received 60% return on sale of stake in Flipkart: SoftBank
Japan's SoftBank Group on Monday reported its quarterly earnings where it said that it received a 60% return on its Flipkart stake by selling it to Walmart for $4 billion. SoftBank's Vision Fund had invested $2.5 billion in Flipkart in August last year. SoftBank reported a 49% jump in its quarterly profits to $6.42 billion, boosted by the stake sale.