Abu Dhabi – Mubasher: ADQ is reportedly discussing a potential $500 million investment in India’s Flipkart, Bloomberg reported.

The Emirati holding company is said to be in talks to inject funds into Flipkart ahead of the latter’s planned initial public offering (IPO), which is expected next year.

The move would value the Indian e-commerce company at $35-40 billion.

Meanwhile, the IPO is expected to generate between $3 billion and $3.75 billion.

ADQ has direct and indirect investments in more than 90 companies, with the aim of supporting growth and diversifying Abu Dhabi's economy.