Posts Tagged ‘ Valic Co ’
Friday, December 2, 2016
A mutual fund managed by US-based investment firm Vanguard Group has marked down the value of its stake in Flipkart by 33%, joining another investor Morgan Stanley in cutting India’s largest e-commerce marketplace’s valuation to historically low figures. The fresh markdown by Vanguard values Fli...
A mutual fund managed by Morgan Stanley has marked down the value of its shares in Flipkart by 38.2% leaving India’s largest e-commerce marketplace’s valuation at $5.57 billion, nearly a third of its peak valuation of $15.2 billion last year. The fund has slashed the value of its Flipkart shares...
29 November, 2016 |
Home grown e-commerce giant Flipkart plans to enter the groceries segment next year and will further develop its furniture business in a move to take on its biggest rival Amazon India. The firm intends to scale the grocery business operations over a three-year period, Binny Bansal, Flipkart’s chie...
21 November, 2016 |
Year 2016 has not been a great period for Indian consumer internet companies. Not only has there been a sharp decline in the number of deals in this space, companies that saw large cheques and subsequent valuation jumps earlier are now facing what they dread the most – markdowns on their valuation...
9 November, 2016 |
India’s largest online marketplace Flipkart’s valuation woes seem to be far from over as two American mutual funds, Fidelity Rutland Square Trust II and Valic Co. have marked down the value of their investment in the company for the second time this year. According to filings with the US Securit...
8 November, 2016 |
After a string of six successive markdowns, Indian e-commerce giant Flipkart has received a welcome break from American mutual fund company Fidelity Investments. The US-based company’s Fidelity Rutland Square Trust II fund has hiked the value of its shares in the company. According to filings with...
28 July, 2016 |
A growing number of Flipkart investors are realising that India’s top e-commerce firm is overvalued, though there is no unanimity by how much. American mutual funds Fidelity Rutland Square Trust II and Valic Co. have joined US asset management firm T. Rowe Price and Morgan Stanley in reducing the ...
4 May, 2016 |