US-based Fidelity marks down value of India’s e-commerce giant Flipkart

Jan 26 U.S.-based mutual fund Fidelity Rutland Square Trust II has marked down the value of its holding in Indian e-commerce firm Flipkart Online Services Pvt Ltd by around 36 percent. Fidelity, in a filing with the U.S. Securities and Exchange Commission dated Jan. 24, logged the price of its holding as $52.13 per share as of Nov. 30, from $81.55 at the end of August.