Flipkart considers US listing via a Spac, say insiders A number of Indian companies are considering going to market through a special purpose acquisition company 04 March 2021 - 16:45 Anirban Sen and Sankalp Phartiyal The logo of India’s e-commerce firm Flipkart is seen on the company’s office in Bengaluru, India. File photo: REUTERS/ABHISHEK N CHINNAPPA
Bengaluru/New Delhi Walmart-owned Indian e-commerce giant Flipkart is exploring going public in the US through a deal with a blank-cheque firm, though a traditional stock market listing is much more likely, people familiar with the matter said.
The talks for a deal with a special purpose acquisition company (Spac) are at a very early stage and could fall apart because no plans have been finalised yet, said the people, who declined to be named as the information is confidential.
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Walmart s Flipkart in early talks for U S listing via SPAC deal: sources
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