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Admin Reporter- Ajay

Sep 19 2018


Flipkart got Rs 3462 crore investment from Singapore company

Delhi,19,September,2018

 

New Delhi: Flipkart Internet, the online branch of Wal-Mart-Sirfitth Company, has received capital of Rs 3,462 crore from Flipkart Marketplace Singapore. Regarding the regulatory documents, it was known. This capital investment will be completed in two phases.

 

 

 

It will provide Flipkart financially, which is competing stiff competition with the American e-commerce company Amazon. According to the document presented to the Ministry of Corporate Affairs, "According to the letter of August 14, 2018, the company's board of directors allocated 14,57,598 shares of A category to Singapore's Flipkart Marketplace Pvt. The cash value is 30,07,02,46,740 rupees. "

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