U.S.-based Fidelity marks down value of India’s e-commerce giant Flipkart

U.S.-based mutual fund company Fidelity Investments has marked down the value of its holding in Indian e-commerce firm Flipkart Online Services Pvt Ltd by around 36 percent. Two mutual funds run by Fidelity logged the price of its holding as $52.13 per share as of Nov. 30, from $81.55 at the end of August, according to a filing with the U.S. Securities and Exchange Commission dated Jan. 24. Fidelity did not respond to a Reuters request for comment.

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