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US-Based Fidelity Slashes Flipkart's Valuation By Over A Third

US-Based Fidelity Slashes Flipkart's Valuation By Over A Third

Friday, January 27, 2017, 11:50 AM

U.S.-based mutual fund Fidelity Rutland Square Trust II has marked down the value of its holding in Indian e-commerce firm Flipkart Online Services Pvt Ltd by around 36%. Fidelity, in a filing with the U.S. Securities and Exchange Commission dated January 24, logged the price of its holding as $52.13 per share as of November 30, from $81.55 at the end of August.
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