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Chinese firm Tencent buys stake worth Rs 2060 CR in Flipkart from Binny Bansal

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ownyourvehicle.com

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newsletters@kimb.ownyourvehicle.com

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Sun, Jun 12, 2022 09:16 AM

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Tencent has bought stake worth about Rs 2,060 crore in Flipkart from its co-founder Binny Bansal thr

Tencent has bought stake worth about Rs 2,060 crore in Flipkart from its co-founder Binny Bansal through its European subsidiary. [image]( Chinese technology conglomerate Tencent has bought stake worth USD 264 million (about Rs 2,060 crore) in Flipkart from its co-founder Binny Bansal through its European subsidiary, according to official documents. Singapore-headquartered e-commerce firm Flipkart has operations in India only. Bansal holds around 1.84 per cent stake in Flipkart after selling part of his stake to Tencent Cloud Europe BV. The transaction was completed on October 26, 2021 and was shared with the government authorities at the beginning of the current financial year. [Read More]( This is an email advertisement. If you don't want to receive communication, go here to [Unsubscribe](

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