The deal, under which co-founder Sachin Bansal and Japan's Softbank Corp Group are exiting, values Flipkart at USD 20.8 billion. It is the biggest M&A deal in India this year.
In his letter, Flipkart co-founder Sachin Bansal said it was time for him to hand over the baton and focus on finishing a few personal projects.
New Delhi: Commerce and Industry Minister Anand Sharma on Thursday cancelled a meeting with U.S. retail giant's Asia head Scott Price.The meeting, scheduled for Friday, has been cancelled, a top source in Mr Sharma's Ministry
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