Flipkart Valuation Slashed By Morgan Stanley; New Valuation Stands at $5.5 Bn.
Wednesday, 30 November 2016
Indian e-commerce major, already locked in a battle with Amazon to tap into the burgeoning Indian online market, has received a glancing blow, with international investor Morgan Stanley cutting the value of the shares in a mutual fund that it manages, thus valuing the company at $5.5 billion. This is the fourth time this year …
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