Walmart announced that they would buy 77% of stake in flipkart for $16 billion World’s largest merger & acquisitions, which valued the Indian e-commerce at $20.77 billion Walmart acquired Flipkart with the major intention to give competition to Amazon becoming Giant in US Sachin Bansal left his 5.5 % stake in Flipkart Binny Bansal continued as WALAMART – FLIPKART group CEO Recent news is WALMART wants to increase its stake by 85% by investing $3 billion