Flipkart to Divest 6% Stake in Aditya Birla Fashion Through $112 Million Block Deal

Flipkart Investments Private Limited plans to divest 6% of its stake in

via a $112 million (₹935 crore) block deal, as part of its portfolio restructuring strategy. The offer price range is set between ₹130 and ₹136.45 per share, representing a discount of up to 4.7% from the last closing price. The transaction is expected to be executed on October 6, subject to market conditions. The divestment marks a strategic step by Flipkart, which had initially invested in ABFRL in 2020 to enhance omni-channel retail capabilities. Following the transaction, Flipkart’s holding in the company will fall below 3%. ABFRL continues to maintain a strong foothold in India’s branded apparel market, supported by its diverse portfolio including Pantaloons, Van Heusen, Allen Solly, and Louis Philippe, alongside growing investments in ethnic and luxury fashion segments. Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.