According to media reports, private equity firms Accel and Tiger Global are in talks to sell their remaining stake in ecommerce behemoth Flipkart.

According to a media report, two early backers of Indian ecommerce firm Flipkart are likely to sell their remaining stake in the company to parent Walmart for around $1.5 billion. The stake, which totals about 5 per cent, would increase Walmart’s ownership of the e-commerce giant.

According to media reports, Tiger Global owns approximately 4 per cent of the company, while Accel owns slightly more than 1 per cent of Flipkart.

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