Morgan Stanley cuts Flipkart valuation by a steep 38% to just $5.54 bn

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Morgan Stanley cuts Flipkart valuation by a steep 38% to just $5.54 bn

Morgan Stanley has marked down Flipkart’s valuation as much as 38 percent to $52.13 a share for the quarter ending September as against $84.29 a share in the previous quarter.
Source Firstpost
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