Former Flipkart Executives Urge Walmart to Buy Out Stock

Walmart Inc. received a formal request from eight former C-suite and senior executives of Flipkart to buy out their stock options. The executives sent a letter to the company's board seeking to liquidate their holdings, citing a lack of visibility into when the Indian e-commerce operator might launch an initial public offering.

This request occurs as Walmart evaluates strategic options for Flipkart, which include the possibility of a separate listing. The former executives are seeking a guaranteed exit path in the absence of a clear timeline for a public market debut.