New Delhi, Oct. 9 -- Flipkart's board and management are considering a full buyout of stocks held by current employees as the timeline for the e-commerce giant's initial public offering remains uncertain, according to three people familiar with the discussions. A similar plan for ex-employees will be considered later, the people said.

The buyout for current employees could take place any time from January to March 2027, with parent company Walmart expected to be the buyer, the people said.

Stock options held by current and former employees are estimated to be worth about $4 billion, according to the people. Bentonville, Arkansas-based Walmart, the world's largest retailer, owns a majority stake in the company. Flipkart was valued at abo...