US retail giant Walmart is looking to retain Flipkart co-founder Binny Bansal and other minority investors such as Tiger Global for at least four years, promising that it will protect the valuation of their shareholding and offer them the potential upside of taking the company public.
In a filing with the US Security and Exchange Commission (SEC) on Friday, Walmart said it would allow the initial public offering (IPO) of Flipkart in four years at a valuation no less than what it invested in the e-commerce firm, if a grouping of minority shareholders asks for it.
ALSO READ: