Flipkart back to the company for approximately US$1.1 billion, and re-launch its own Indian operations. The company stated that "there is huge growth potential for e-commerce in India and significant opportunity for multiple players to succeed in India's diverse, domestic market." Softbank Group also sold its entire 20% stake to Walmart, without disclosing terms of the sale. The acquisition was completed on 18 August 2018. Walmart also provided US$2 billion in equity funding to the company. On 13 November 2018, Flipkart CEO Binny Bansal resigned, after facing an allegation of "serious personal misconduct". Walmart stated that "while the investigation did not
Scion of Ikshvaku now the primary target of pre-launch marketing activities for potential blockbusters. What really matters, though, is what will follow in weeks 2 through 20." Controversy erupted when Westland filed a case against online retailer Flipkart, alleging that the company had violated IT Act by selling the book on their website, since they had signed an exclusive deal with Amazon. The case was sub judice under the Delhi High Court, and they declined to pass a restraint order on the sales of the book at Flipkart. Instead they asked the company to provide their responses by August 4, 2015. Rasul Ballay