Brilliant question. I almost fell for it! But hey, they are actually the ones funding Flipkart now. If one actually thinks that Bansals have billions worth of cash sitting in the bank and why don’t they help themselves then the premise is wrong. They have the stake on papers and only when they sell that…
Tag: valuation markdown
Morgan Stanley yet again slashes the value of Flipkart!
Flipkart’s valuation took another beating as a mutual fund managed by Morgan Stanley slashed the value of its Flipkart shares by 38.2%. The recent markdown pegged its valuation at $5.54 Bn. According to an ET report, Morgan Stanley, as of September 2016, has marked the value of its Flipkart shares at $52.13 per share, as…
sugandhad.com 