The deal is the latest unveiled after Prime Minister Narendra Modi’s visit to the US which also saw similar announcements from Micron and Applied Materials

Bansal now has a 1.84% shareholding in Flipkart after selling part of his stake to Tencent Cloud Europe, the Indian news site said.

Online beauty products retailer Purplle has become the latest Indian startup to become a "unicorn" after being valued at $1.1 billion, Deal Street Asia reported

Amazon, Charoen Pokphand Group, Reliance Retail, Avenue Supermarts, Tata Group, Lulu Group and Samara Capital have all expressed an interest to the German firm

Earlier this week, the parties had informed the apex court that talks for an amicable settlement of the dispute had made no headway