Supreme Court reopens tax scrutiny of Tiger Global’s Flipkart stake sale to Walmart
The Supreme Court has stayed a Delhi High Court tax exemption linked to Tiger Global’s sale of its Flipkart stake in Walmart’s $16 billion acquisition, reviving capital-gains scrutiny around the 2018 transaction.
Supreme Court stayed a Delhi High Court tax exemption for Tiger Global’s Flipkart stake sale to Walmart, reopening capital-gains scrutiny tied to Walmart’s $16 billion acquisition of 77% of Flipkart.
Why this matters
The ruling revisits Walmart’s May 2018 Flipkart acquisition, previously flagged as a landmark FDI and e-commerce deal, as Flipkart also faces FY22 loss pressure and intensifying quick-commerce competition.
Retail-company is accelerating, up 969400% QoQ.