Flipkart sale: Indian e-retailer buys back shares worth $350 mn; here is why
Flipkart Ltd purchased shares for $350.5 million from some of its investors including Tiger Global and Accel, according to May 3 regulatory filings from Singapore`s Accounting and Corporate Regulatory Authority, sourced by business intelligence platform paper.vc.
Stakeholders in a private limited company are usually bound by a contract and have more flexibility than in a public company. Image source: Reuters