Morgan Stanley marks down India's Flipkart again
Morgan Stanley Institutional Fund Trust has marked down its investment in Flipkart for the second quarter in a row, reducing its estimate of the Indian online retail giant by 15.5%.
In a regulatory filing, Morgan Stanley indicated a value of $87.86 per share for Flipkart as of March 2016, down from the value of $103.97 indicated as of December 2015. That valuation also represented...
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