Global retail giant Walmart is buying 77% stake in Flipkart for $16 billion. The deal will probably be the biggest in the e-commerce space..The remainder of the business will be held by some of Flipkart’s existing shareholders, including Flipkart co-founder Binny Bansal, Tencent Holdings Limited, Tiger Global Management LLC and Microsoft Corp..Shardul Amarchand Mangaldas and Hogan Lovells acted for Walmart..The SAM team was led by Chairman Shardul Shroff, Managing Partner Pallavi Shroff along with Partner and Regional Practice Head – Mumbai Raghubir Menon. The Corporate team included Partners Ekta Gupta, Natashaa Shroff, Puja Sondhi, Abhishek Guha, Siddharth Nair, and Aayush Kapur..The Banking and Finance team was led by Partners Shilpa Mankar and Shubhangi Garg. Partner Amit Singhania along with Principal Associate Gouri Puri advised on the tax-related aspect of the deal. Partner Mukul Baveja advised on IP issues..The Competition team was led by Partner Shweta Shroff Chopra along with Principal Associate Yaman Varma and Associates Neetu Ahlawat and Sonali Charak..Hogan Lovells team was led by Silicon Valley M&A partner Rick Climan, along with Singapore Office Managing partner Stephanie Keen and Silicon Valley Partner Chris Moore..Khaitan & Co and Gunderson Dettmer acted for Flipkart..The Khaitan team was led by Partners Ganesh Prasad and Vinay Joy along with Associate Partner Arun Scaria, Principal Associate Sanjay Khan, and Associate Mrudul Dadhich..Khaitan due diligence team included Senior Associates K.A. Alakiri, Muralikrishnan, Tamarra Sequeira, and Associates Siddharth Baladevan Nair, Luv Saggi, Bhargav Rao, and Chirag Narasimaiah..Cyril Amarchand Mangaldas advised Flipkart on the competition law aspect and the team was led by Mumbai based Managing Partner Cyril Shroff along with Competition Partner Bharat Budholia..Trilegal Corporate Partner Yogesh Singh and Competition Partner Nisha Kaur Uberoi along with Atreyee Sarkar, Ankita Gulati and Harshita Parmar advised selling shareholder Naspers on Indian strategic and competition law issues..Argus Partners advised TR Capital in the exit of its investment in Flipkart Limited via a share buyback conducted by the company. The Argus team was led by Senior Partner Siddharth Raja along with Associate Ankita Gupta..Story to be updated.