Flash Report 5 minutesRegister for Free AccessWalmart to Invest $16 Billion to Acquire a 77% Stake in India’s Flipkart Coresight Research May 10, 2018 Executive Summary On May 9, Walmart announced the signing of a definitive agreement to invest $16 billion for a 77% stake in Flipkart, a leading online retailer in India. The company said it supports Flipkart’s ambition to become a publicly listed subsidiary in the future. Walmart believes the acquisition will create significant long-term value for shareholders through entering a critical growth market, acquiring a leader in e-commerce, acquiring local talent with global expertise and achieving long-term growth. The investment includes $2 billion of new equity funding, supported by newly issued debt and cash on hand. The company expects the investment to reduce FY19 EPS by $0.25–$0.30 and FY20 EPS by $0.20, assuming a close in the second quarter of this fiscal year. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Three Data Points We’re Watching This Week: US Surveys FocusUS Department Stores—Retail 2024 Sector Outlook: Soft Sales Growth; Opportunities in Different Store Formats and Alternative ModelsRetail Around the World: Coresight Research Observations, March 2023Retail Shrink and ORC: Spotlight on Shoplifting—Theft Rates and Responses in the US and the UK