Flipkart has been devalued by Morgan Stanley
Tuesday, February 28, 2017, 6:13 PM
Flipkart has again witnessed a cut in its valuation by Morgan Stanley. Flipkart which was valued at USD 15.2 billion in May 2015, is now valued at USD 5.37 billion. According to filing with US Securities and Exchange Commission, Morgan Stanley has valued each share of Flipkart at USD 50.51 as of December 2016 compared to USD 52.13, at the end of September 2016.