Who earned how much from Walmart-Flipkart deal

Who earned how much from Walmart-Flipkart deal

With that funding, Softbank took 21% stake in Paytm Mall.

Just last month, PayTM Mall has raised $450 million (~ ₹3,000 crore) in a financing round led by SoftBank along with participation from Alibaba.

A Flipkart IPO is unlikely to happen for many years to come, as Walmart Inc. will have to invest heavily to make its $16-billion acquisition work.

On May 12, Tamil Nadu Vanigar Sangankalin Peramaippu, a federation of traders in Tamil Nadu, warned the government of massive country-wide protests if the deal between Walmart-Flipkart was approved. Indian e-commerce industry is booming and the experts are hoping that its worth would reach more than $200 billion in next ten years.

At the time, Son suggested that SoftBank, which invested through its Vision Fund, would see a sizable return on its initial investment of $2.5 billion.

Based on SoftBank's earlier agreement, Walmart has already informed the Securities and Exchange Commission (SEC) about acquiring an about 77% stake in Flipkart.

Bengaluru-based Flipkart had scooped up a staggering $2.5 billion round in August previous year.

IPL 2018: MI V RR Match Preview, What To Expect, Prediction
Later, Buttler continued his good work and found good support from Sanju Samson , who played a quickfire knock of 26 off 14 balls. His form with the bat, however, has been disappointing having been dismissed for a golden duck in both the games against KXIP.

Walmart's Flipkart acquisition, the world's largest e-commerce deal, is an all-cash transaction, according to the SEC filing.

Other deciding factors would be Son's relationship with Walmart and that SoftBank likes to be a long-term investor, sources said, adding the Japanese conglomerate is very bullish on India and sees enormous opportunities for growth of investment.

The department now is going through the Section 9 (1) of the Income Tax law, which deals with indirect transfer provisions, to see if the benefits under the bilateral tax treaties with countries like Singapore and Mauritius, could be available for foreign investors selling stakes to Walmart.

A Walmart spokesperson declined to comment on SoftBank's plans.

South African internet and entertainment firm Naspers, which had invested $616 million in Flipkart in August 2012, sold its entire 11.18 percent stake in the company to Walmart for $2.2 billion. eBay said it is selling its stake in Flipkart for about $1.1 billion.

"SoftBank and Walmart have agreed on a price and a final decision is expected in 7-10 days", said sources close to the deal. Last week, Walmart told the SEC in regulatory filings that the USA retail giant has an option to invest an additional $3 billion in Flipkart at the same valuation within a year of completing the acquisition of a 77% stake in the company. Post this round, SoftBank is slated to have a controlling stake.

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