WALMART INC.’S FLIPKART LIKELY TO GO PUBLIC IN THE U.S.

Highlights

• The sources claim that Flipkart is weighing on a US initial public offering and is now also looking at other options as well

• One of the individual aware of this development who asked not to be identified has said that deliberations are at an early stage and Flipkart could still explore other options

• On the other hand, no confirmation on this has been given by the company

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