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Flipkart to sell entire 6% stake in Aditya Birla Fashion for Rs 600 crore
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Walmart-owned Flipkart is preparing to divest its entire 6 per cent holding in Aditya Birla Fashion & Retail Ltd. (ABFRL) through a block deal valued at nearly Rs 600 crore, according to people familiar with the matter.
If completed, the transaction would mark a full exit for the e-commerce company from the Indian fashion retailer, which operates brands such as Pantaloons, Van Heusen, and Allen Solly.
The stake is held through Flipkart Investments Private Ltd., with Goldman Sachs managing the proposed block trade, according to sources.
'It was purely a B2B play for Flipkart, and this deal is part of
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