A year after Walmart acquired the business he co-founded, Binny Bansal sold more shares in online retailer Flipkart to its new owner. Bansal, one of the poster boys of the Indian startup industry, had sold a small portion of his minority holding while keeping a 3.85% stake when Walmart bought Flipkart in 2018. — The Economic Times

AZB & Partners advised the seller Binny Bansal led by a team of partner Nanditha Gopal, and senior associates Gautam Rego and Shantanu Singh.

2019-06-21

Deal value: Confidential but in excess of USD 50 Million

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