Binny Bansal Seeks $100 Mn From Walmart After Flipkart Exit

first_imgFlipkart co-founder Binny Bansal is negotiating fresh terms to receive cash payouts from Walmart after he resigned from Flipkart as chairman and group chief executive last month, two people familiar with the matter said. According to his earlier contract, Bansal would have received cash from Walmart for over half of his 4-4.5% Flipkart stake that is worth more than $850 million after August 2020, the people cited above said, requesting anonymity.Read it at Live Mint Related Itemslast_img