Flipkart value marked 27% down by Morgan Stanley
Morgan Stanley has marked down its stake in Indian e-commerce giant Flipkart by 27% to  $103.97 per share from $142.24 per share. This brings Flipkart's recently claimed valuation of $15.2 billion reportedly down to $11 billion. Morgan Stanley in 2013 had picked up shares in Flipkart during its Series D funding and currently holds around 2% stake in the startup.