Flipkart Faces Further Markdown From Investors Fidelity And Valic

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Ecommerce major Flipkart’s valuation took another beating as two of its mutual fund investors reportedly marked down the value of their holdings in the company. According to an ET report, mutual fund Valic has marked down the valuation of Flipkart shares from $108.04 (May end quarter) to $95.84 (August end quarter), a decrease of 11.3%. On the other hand, […]

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