Flipkart co-founder Binny Bansal sells stake worth $264 million to Chinese tech conglomerate Tencent

Chinese technology conglomerate Tencent has bought a stake worth $264 million (about Rs 2,060 crore) in Flipkart from its co-founder Binny Bansal through its European subsidiary, according to official documents.

Singapore-headquartered e-commerce firm Flipkart has operations in India only.

Bansal holds around 1.84 per cent stake in Flipkart after selling part of his stake to Tencent Cloud Europe BV.