Inc may present an offer to buy Indian e-commerce company Flipkart, which is at present in talks with Walmart Inc for a stake sale, citing sources.

An deal with Walmart will probably experience, as per persons with knowledge of the issue, the report included.

Amazon declined to comment while Flipkart did not quickly reacted to a request looking for comment.

Walmart is in talks with buy a stake of more than 40 percent in Flipkart, an direct challenge to Amazon in Asia`s third-largest economy.

The U.S. retailer will buy a most stake through a blend of primary and secondary share buys in an deal that could value Flipkart at $21 billion, the report said.

The deal with Walmart is relied upon to help Flipkart in its battle against Amazon, which has committed on investing $5 billion in India as it extends forcefully, including into online basic supply conveyances, which investigators tip as the next huge battleground for the country’s web based business part.

Flipkart, established by former Amazon workers Sachin Bansal and Binny Bansal in 2007, controls about 40 percent of India`s online retail, in front of Amazon, as indicated by estimate by research firm Forrester.

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