Morgan Stanley cuts Flipkart valuation to $9.4bn
Morgan Stanley Fund has marked down the value of its shares in Flipkart by 15.5% to $87.9 per share as of March 31, 2016 from $103.97 as of December 31 last year. This is the second consecutive markdown by Morgan Stanley pegging Flipkart's valuation at $9.39 billion, as compared to the $15.2 billion when it last raised capital. \n\n\n