Softbank offers to buy more Flipkart shares — but at a reduced valuation

Softbank offers to buy more Flipkart shares — but at a reduced valuation

6 years ago
Anonymous $ZOEEBQ1zf0

https://www.cnbc.com/2017/11/29/softbank-said-to-offer-to-buy-more-shares-india-flipkart.html

Japan's Softbank Group offered to buy an undisclosed number of shares in Indian e-commerce giant Flipkart at a reduced valuation in the range of $9 billion to $10 billion, the Mint daily reported on Thursday.

Softbank offered to buy Flipkart shares from investors and former and existing employees for $85 to $89 per share, Mint reported, citing sources.