Top Flipkart officials will likely be allowed to retain their posts by Walmart if the proposed deal between the firms materialize, a report by Live Mint said.

Walmart, which is looking to buy out 55% stake in Flipkart will retain the management team of Flipkart including CEO Kalyan Krishnamurthy if the deal goes through, the report said.

The US-based retail giant could also take up a share greater than 55% the report said, quoting people familiar with the matter.

The retention of top officials will not be just limited to Flipkart, the report added. It is very likely that the American retail giant may look to retain the top executives serving at the helm of Myntra, Jabong and PhonePe that are owned by Flipkart.

Under the proposed plans, compensation for some key executives will be paid out over several years to ensure they stay with the company after the deal, the report said.

It would be important for Walmart to retain top executive in Flipkart as it is reported that the retail giant have bigger targets to achieve using the Flipkart deal. The company which is facing stiff competition across the globe from rival Amazon reportedly sees Flipkart as a tool to challenge the e-commerce giant.

Besides gaining higher influence in the Indian market, it is expected that Walmart will use the expertise of Flipkart and its leadership to come out with a global business model that aims for a direct approach towards customer.