Why Walmart would rather keep Flipkart private, for now
Multiple former senior executives of Flipkart, including ex-Myntra CEO Mukesh Bansal and former chief business officer Ankit Nagori, wrote to Walmart's board in October seeking complete exit options for vested stock holdings granted 10-15 years ago. The petitions highlight ongoing tension around employee equity at the Walmart-owned Indian e-commerce firm as the parent company considers keeping it private.
Key points
- Eight+ former senior executives sought liquidity for vested options
- Stock granted 10-15 years ago remains illiquid
- Walmart reportedly prefers to keep Flipkart private
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