Tencent has first right to buy Flipkart share sale in future: Walmart Noor Arora
US-based retail giant Walmart Inc has said that Flipkart's minority shareholder Tencent would have the first "right to purchase" if any shareholder of Indian ecommerce firm sells "any shares or other equity securities to Alibaba". Flipkart's investor would have to give "written notice of at least five business days prior" to Tencent for such transfer or sale of share, according to the share issuance and acquisition agreement filed by Walmart with the US Security and Exchange Commission.