Flipkart valuation marked down by Morgan Stanley fund to $9.39 billion3 min read . Updated: 28 May 2016, 01:50 AM IST
Morgan Stanley fund marks down value of its Flipkart shares to $87.9 per share as of 31 March from $103.97 per share as of 31 December last year
Morgan Stanley Mutual Fund Trust, a mutual fund investor in Flipkart Ltd, has lowered its estimate of the online retailer’s valuation by 15.5% for the second successive quarter in a row.
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