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Flipkart India gets Rs 1,431 crore infusion from Singapore entity

16 January, 2019 8:00 AM
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Flipkart India gets Rs 1,431 crore infusion from Singapore entity

Flipkart Singapore had earlier pumped Rs 2,190 crore into Flipkart India in December.

Flipkart Singapore has infused Rs 1,431 crore into its Indian entity Flipkart India Pvt Ltd, according to documents of Registrar of Companies, sourced from data intelligence firm PaperVC.

A total of 4,86,861 lakh equity shares were allowed at a premium of Rs 29,399 per share.

This comes at a time when the deadline for implementation of the new foreign direct investment (FDI) rules for the e-commerce sector nears.

Source: moneycontrol.com

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