The decision was announced following a board meeting, and the appointment is set to take effect from May 1, 2025. Anant will serve in this role for five years.
In January this year, Amazon founder Jeff Bezos had announced $1 billion (over Rs 7,000 crore) investment in India to help bring small and medium businesses online.
Billionaire Kumar Mangalam Birla's retail business will issue preference shares to Flipkart, giving it a 7.8 per cent stake, Aditya Birla Fashion said in a stock exchange filing
