Binny Bansal, Tiger Global still own stake in Flipkart
After Walmart announced acquisition of Flipkart's 77% stake, the remainder of the business will be held by Co-founder Binny Bansal and other shareholders including Tencent, Tiger Global, and Microsoft. Further, Tencent and Tiger Global will continue on the Flipkart board, along with Walmart's members. Meanwhile, Sachin Bansal will sell his stake in Flipkart for a reported amount of $1 billion.