Flipkart to move holding company base to India

Walmart plans to list Flipkart and PhonePe in India.

Flipkart will shift its holding company from Singapore to India amidst parent Walmart's bid to take the 17-year-old company public, according to Reuters.

"This move represents a natural evolution, aligning our holding structure with our core operations," Flipkart said in a statement.

Walmart plans to list Flipkart and PhonePe in India over the next couple of years, Dan Bartlett, Walmart's executive vice president for corporate affairs, told Reuters last year.

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