Flipkart to acquire 7.8% stake in Aditya Birla Fashion2 min read 23 Oct 2020, 10:49 AM IST
Aditya Birla Fashion and Retail Limited said equity capital will be raised at ₹205/share.
The board of Aditya Birla Fashion and Retail Limited today approved issuance of equity shares on a preferential basis to Flipkart Investments Private Limited aggregating to ₹1500 crore. The company has also entered into a commercial agreement in relation to the sale and distribution of various brands of the company.
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