Walmart Inc. said on Saturday in a filing with a US regulator that it could publicly open India's Flipkart in as early as four years, and for the first time locate a possible listing timeline for Walmart's largest ever acquired
minority investors "60 percent of Flipkart's shares hold together that Flipkart may require an IPO four years after the completion of the Walmart Flipkart transaction," said the Bentonville, Arkansas-based retailer in a May 11 filing with the US Securities and Exchange Commission  The stock market listing should not be made any lower than the one Walmart invests in the Indian e-commerce company, as stated in the application.
Walmart announced earlier this week that it will pay $ 1
The Investment Estimates Nea $ 219 Billion for Bangalore Flipkart
Minority shareholders include co-founder Binny Bansal, China's Tencent Holdings, US hedge fund Tiger Global Management, and Microsoft Corp. ,
As part of the transaction, Walmart will initially appoint five directors to Flipkart's board of directors, two directors will be appointed by minority shareholders, and Bansal, upon filing, will receive a board seat.
Walmart said it may appoint a sixth board member in the future with the approval of the majority of Flipkart directors.
It also said that it would ask Flipkart's chief executive and other key executives of group companies in consultation with Bansal and the board
Walmart or his units could request Flipkart to repurchase up to $ 3 billion of common stock before closing the "transactions and on or before the first anniversary of the closing, "he said.
Reuters previously reported that Google's parent Alphabet was in negotiations to invest about $ 3 billion for a share of about 15 percent in Flipkart.
This deal could be sealed before the end of the year The Walmart Flipkart transaction or immediately thereafter, a source told Reuters and declined to be named as the talks are private.
Walmart also said no party would be required to pay a termination fee if there was a share issue or sale agreement with Flipkart
The Economic Times reported on Friday, citing unnamed sources, that Japan's SoftBank group, which has holding a stake in Flipkart, considering phasing out due to tax debts, and seeing another value in Flipkart. 19659002] SoftBank boss Masayoshi Son said her investment in Flipkart had grown to nearly $ 4 billion. This growth came just 9 months after SoftBank used its Vision Fund to invest around $ 2.5 billion in Flipkart.
A spokeswoman for SoftBank in India declined to comment.
The former Amazon employees Sachin and Binny Bansal founded Flipkart in 2007, Amazon began selling books.