×
329
Fashion Jobs
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales - Nalgonda , Nizamabad
Permanent · Nizamabad
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales - Rajahmundry
Permanent · Rajahmundry
SDP HR SOLUTION
Production Manager - Mnc Chemical Company - Dahej
Permanent · Bharuch
AMBRANE INDIA PVT LTD
Area Sales Manager | Ambrane India | Multiple Locations
Permanent · Lucknow
NCL INDUSTRIES LIMITED (BISON PANEL)
Area Sales Manager - Jaipur (Boards Division)
Permanent · Jaipur
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Ernakulam / Kochi / Cochin
Permanent · Kochi
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Ernakulam / Kochi / Cochin
Permanent · Kochi
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Category Manager/sr. Manager-Institutional Sales - Garments Industry
Permanent · Bhiwandi
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager /Sales Manager/Jharkhand
Permanent · Godda
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager (Bihar)
Permanent · Bihat-IV
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager (Bihar)
Permanent · Bihpur
ZYDUS WELLNESS
Excellent Opening For Area Sales Manager
Permanent · Indore
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Gujrat)
Permanent · Ahmedabad
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager /Sales Manager/Jharkhand
Permanent · Lohardaga
CIEL HR SERVICES PVT LTD
Mechanical Maintenance Manager
Permanent · Coimbatore
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Gujrat)
Permanent · Gandhinagar
EARTH BUDDY
Area Sales Manager
Permanent · Gurugram
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager (mp)
Permanent · Bhind
ALUDECOR LAMINATION PVT LTD
Area Sales Manager-Agra
Permanent · Agra
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager(Haryana)
Permanent · Sonipat
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager (Rajasthan)
Permanent · Karauli
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sale Manager(Punjab)
Permanent · Batala
Published
May 8, 2018
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Flipkart's Sachin Bansal to sell entire stake in business due to Walmart deal

Published
May 8, 2018

One of Flipkart’s Co-Founders, Sachin Bansal, is expected to sell off his entire stake in the company to Walmart when the deal goes through due to doubts about changes to the business’ operating structure.

Sachin Bansal is expected to sell off his entire stake in Flipkart - Flipkart- Facebook


Sachin Bansal, who currently has a 5.5 percent stake in the e-commerce giant Flipkart, currently acts as the business’ Chairman after serving nine years as the CEO. However, The Economic Times has reported a source close to the matter as saying: “Sachin was to stay on till very recently, but there was a disagreement between the Flipkart board and him on strategies being drawn up for the company after Walmart became the largest shareholder.”

Flipkart’s other Co-Founder, Binny Bansal, is expected to stay on as the group’s CEO following the upcoming Walmart deal that has made worldwide news. Kalyan Krishnamurthy, another Flipkart executive, is also expected to stay on but will not take up a seat on the board. A change in both owner and management could therefore spell great changes for the business, especially as Walmart is based in Arkansas, USA.

Walmart is set to become the largest shareholder in Flipkart with a 60 to 70 percent stake in the business. This will require an investment of around 12 to 15 billion US dollars.

Copyright © 2021 FashionNetwork.com All rights reserved.