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Stockreport

Flipkart co-founder Binny Bansal leaves PhonePe's board [TechCrunch]

Walmart Inc. (WMT)  More Company Research Source: TechCrunch
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
Bengaluru-headquartered PhonePe said it had appointed Manish Sabharwal, an executive at staffing and HR firm Teamlease, as an independent director and audit committee chair. Bansal played a key role in Flipkart's acquisition of PhonePe in 2016 and has served on the fintech's board ever since. PhonePe, which operates the top mobile payments app in India, branched out of Flipkart in 2022 , and as of last year was valued at $12 billion in funding rounds that netted about $850 million. Bansal still owns about 1% of PhonePe and is the largest individual minority investor in the firm. Neither of the parties shared why he was leaving the board. “I would like to express my heartfelt gratitude to Binny Bansal for being one of PhonePe's earliest and staunchest supporters,” Sameer Nigam, co-founder and chief executive of PhonePe, said in a statement. “His active engagement, strategic guidance, and personal mentorship have profoundly enriched our discussions. Binny will be missed!” [Read more]
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Stockreport

Flipkart co-founder Binny Bansal leaves PhonePe's board [TechCrunch]

Walmart Inc.  (WMT) 
More Company Research Source: TechCrunch
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
Bengaluru-headquartered PhonePe said it had appointed Manish Sabharwal, an executive at staffing and HR firm Teamlease, as an independent director and audit committee chair. Bansal played a key role in Flipkart's acquisition of PhonePe in 2016 and has served on the fintech's board ever since. PhonePe, which operates the top mobile payments app in India, branched out of Flipkart in 2022 , and as of last year was valued at $12 billion in funding rounds that netted about $850 million. Bansal still owns about 1% of PhonePe and is the largest individual minority investor in the firm. Neither of the parties shared why he was leaving the board. “I would like to express my heartfelt gratitude to Binny Bansal for being one of PhonePe's earliest and staunchest supporters,” Sameer Nigam, co-founder and chief executive of PhonePe, said in a statement. “His active engagement, strategic guidance, and personal mentorship have profoundly enriched our discussions. Binny will be missed!” [Read more]
IMPACT SNAPSHOT
EVENT TIME:
WMT
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Price Change %
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%
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Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
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