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AZB helps Binny Bansal sell another $76m Flipkart shares to Walmart

A year after Walmart acquired the business he co-founded, Binny Bansal sold more shares in online retailer Flipkart to its new owner. Bansal, one of the poster boys of the Indian startup industry, had sold a small portion of his minority holding while keeping a 3.85% stake when Walmart bought Flipkart in 2018.
The Economic Times

AZB & Partners advised the seller Binny Bansal led by a team of partner Nanditha Gopal, and senior associates Gautam Rego and Shantanu Singh.


Deal value: Confidential but in excess of USD 50 Million

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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