News > Tencent buys stake worth $264 mn in Flipkart

Tencent buys stake worth $264 mn in Flipkart

12/06/2022 04:06 PM | Click to read full article

Chinese technology conglomerate Tencent has bought stake worth USD 264 million (about Rs 2,060 crore) in Flipkart from its co-founder Binny Bansal through its European subsidiary.

Singapore-headquartered e-commerce firm Flipkart has operations in India only. Bansal holds around 1.84 per cent stake in Flipkart after selling part of his stake to Tencent Cloud Europe BV.