Steep ‘price cut’ for Flipkart as Morgan Stanley mutual fund marks down shares

Short resume:

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70%
companies
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internet
70%
india
70%
Steep 'price cut' for Flipkart as Morgan Stanley mutual fund marks down shares

BENGALURU: A Morgan Stanley mutual fund has slashed the value of its Flipkart shares by 38%, its fourth consecutive and most drastic markdown emblematic of a probable new low for Indian consumer Internet companies.
Source Economic Times
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