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Morgan Stanley MF slashes Flipkart’s valuation to $5.5bn

A mutual fund managed by Morgan Stanley has sharply cut the value of its shares in India’s largest e-tailer for the fourth time over a period of a year, valuing the company at $5.5 billion.This is by far the most sizeable correction for Flipkart, which last raised a financing round in July 2015 when its paper valuation stood at $15.2 ... Read More »