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Flipkart sells small stake to Times of India publisher

Flipkart sells small stake to Times of India publisher

Saturday, February 18, 2017, 9:28 AM
According to a regulatory document, e-commerce firm Flipkart has sold a small stake to ‘Times of India’ publisher Bennett, Coleman and Co. Ltd (BCCL) for cash and advertising space in the latter’s media properties. BCCL made a private placement offer of about Rs 260 crores to buy a warrant for Class B equity shares in Flipkart.
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