Walmart readies for $10 billion Flipkart overseas IPO
Walmart is planning to sell around 25% in India’s largest online retailer
If successful, it will be the largest IPO by an Indian firm in overseas exchange
Also, Flipkart’s valuation will double to $40 billion
Currently, Walmart owns an 82.3% stake in Flipkart
Online transactions in India have surged after the coronavirus outbreak
