 "Flipkart")
Chinese tech giant Tencent had bought a stake worth $264 million (about Rs 2,060 crore) in Walmart-owned e-commerce firm Flipkart from its co-founder, Binny Bansal, through its European subsidiary, according to the sources.
The transaction was completed on October 26, 2021. However, it was shared with government authorities at the beginning of this financial year. Flipkart is registered in Singapore and has operations in India only.
Binny Bansal now holds about 1.84 per cent in Flipkart after selling part of his stake to Tencent Cloud Europe BV. The story was first reported by news agency PTI.
“Tencent is an early
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