Flipkart India, the wholesale arm of Walmart-owned e-commerce company Flipkart, has received about Rs 1,431 crore from its Singapore-based parent, according to documents filed with the Corporate Affairs Ministry.
The parent entity was issued 4.86 lakh shares in Flipkart India at a price of about Rs 29,400 per share, the documents showed.
Flipkart had invested Rs 2,190 crore in Flipkart India in December last year.
The latest fund infusion comes at a time when Flipkart faces challenges on the regulatory front in the form of new policy norms for e-commerce firms with foreign investment.
The new rules -- effective from February 1 -- bar online marketplaces with foreign investments from selling products of the companies where they hold stakes, and ban exclusive marketing arrangements.
Another provision states that the inventory of a vendor will be seen as controlled by a marketplace, if over 25 percent of the vendor's purchases are from the marketplace entity, including the latter's wholesale unit.
Both Amazon and Flipkart have approached the government seeking extension on the deadline.
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