Wednesday, March 1, 2017

Morgan Stanley slashes Flipkart valuation once again

At least five mutual fund investors have marked down Flipkart’s valuation over the past year, including Fidelity Investments A mutual fund managed my Morgan Stanley has once again slashed the valuation of India’s e-commerce leader Flipkart by 3 per cent. According to filings with the US Securities and Exchange Commission (SEC), Morgan Stanley*trimmed the value […]
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