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After Walmart deal, here are the smart tips for new Flipkart millionaires

Avoid making big decisions too quickly, said Shiv Gupta, CEO, Sanctum Wealth Management

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Walmart wants to pick up a controlling stake in the Bengaluru-based firm, valuing it at around $18-20 billion. | Photo: Reuters

Tinesh Bhasin Sanjay Kumar Singh

Last Updated : May 13 2018 | 9:27 PM IST

In the wake of the deal with Walmart, a large number of Flipkart employees will make windfall gains from their stock options. Business Standard spoke to some of the country’s top wealth managers for suggestions on how these individuals should invest their new-found wealth and the mistakes they should avoid.

ALSO READ: Investors may force Walmart to bring Flipkart IPO within next four years

Avoid making big decisions too quickly

Shiv Gupta, CEO, Sanctum Wealth Management

Stories abound of sports stars and entrepreneurs who have squandered their wealth due to poor planning. Fortunately, there are

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