Flipkart-Walmart Acquisition

The New ESOP’s Offer for Flipkart Employees Revealed !

15May By Lavina TolaniNo Comments

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The New ESOP’s Offer for Flipkart Employees Revealed !

E-commerce Unicorn Flipkart has announced a repurchase ESOP's offer for its employees at a share price ranging from USD 125-129. The offer from the Bengaluru headquartered company comes in the wake of the completion of company's acquisition by US retailer Walmart for roughly USD 16 billion. According to one of the sources familiar with the matter, Flipkart will allow employees, present as well as former to liquidate part of their vested options. This will enable current employees to vest up to 50 percent of their stock options now followed by 25 percent in the second and third year. The transaction price would be in the range of USD 125-129 per option. As far as former employees are concerned, they can vest up to 30 percent of their ESOPs. A company spokesperson also added that the e...

This is Why SoftBank is Reluctant to Sell its 22 % Flipkart Stake

Post mega Flipkart-Walmart Acquisition, the e-commerce world has been buzzing with speculations all around as to how the mammoth deal will shape the coming scenario. Now, there is a new dimension that has come into play regarding SoftBank unwilling to sell its stakes to Flipkart. If SoftBank was to sell its 22.3% stake in Flipkart Singapore to Walmart now or anytime before August 2019, it may have to hand over a massive $600 million to the Indian taxman out of its profit of $1.5 billion. Just 9 months ago in August 2017, the Japanese multinational conglomerate, SoftBank had announced its investment of $2.5 billion in Flipkart Singapore via SVF Holdings. Understanding the Taxation Dynamics Right after the official announcement, more than 500 funds were set up...

Future Group Denies Selling 10% Stakes Amidst Market Rumours

Indian market bolted a notch higher when a speculated news regarding World's biggest brick and mortar, Future Group selling its 10 stakes to a leading global retailer surfaced in mid-afternoon today. Meanwhile, within stock market to the company witnessed a gain of 5 percent. The scrip which was at 12 percent at 10:02 am rose by 6.60 percent to Rs. 60.60 on the BSE. The speculation came amidst a clarification sought by stock exchanges into a news report that quoted Future Group founder Kishore Biyani saying, "he will sell a minority stake to the strongest global retailer” in the retail giant." However, in the new clarifications, Future Group companies have stated that there is no decision taken in the regard. The ongoing rumours have come in the wake of Flipkart-Walmart deal which...