Mergers are emotional. "Effective immediately, Flipkart will own and operate eBay.in, which will remain an independent entity as part of Flipkart" - Flipkart statement.
In April, Flipkart announced it will acquire eBay India operations. Analysts believe it was not so much on eBay as much as it was about Flipkart being able to bolster its artillery against Amazon (and the $5 billion)
“This is good news for Flipkart as it solidifies its position as a market leader at least in the short term, keeping competition especially from Amazon at bay.”