South African Internet and entertainment firm Naspers sold its whole 11.18 percent stake in Indian online business firm Flipkart to Walmart Inc for $2.2 billion, it said on Wednesday.

Naspers said the returns will be utilized to strengthen its accounting report and will be contributed after some time to quicken the development of Naspers’ classifieds, online sustenance conveyance and fintech organizations internationally. The firm likewise said it would likewise seek after other development openings when they emerge.

Propelled in October 2007, Flipkart is India’s biggest web based business commercial center. Naspers at first put resources into Flipkart in August 2012 and its total speculation to the point of offer adds up to $616 million.