Ex-Flipkart executives seek ESOP buyback from Walmart amid IPO uncertainty

Former Flipkart executives, including ex-CEO Mukesh Bansal, ex-CFO Sanjay Baweja and ex-CBO Ankit Nagori, have asked Walmart's board to buy back their vested employee stock options granted 10–15 years ago. Walmart's July buyback valued Flipkart at about $38.2 Bn, but employees could sell only up to 5% of vested options. The IPO has been deferred to 2028 as Walmart targets a $50 Bn valuation.

• Ex-Flipkart executives ask Walmart to buy back their vested ESOPs
• July buyback valued Flipkart at $38.2 Bn, capped at 5% of vested options
• Flipkart's IPO deferred to 2028; Walmart targets $50 Bn valuation
• Flipkart aims for EBITDA breakeven by FY27