Tech
Flipkart To Exit Aditya Birla Lifestyle Brands Via INR 950 Cr Block Deal
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SUMMARY
Flipkart Investments is diluting its entire 6% stake in Aditya Birla Lifestyle Brands Ltd (ABLB) by selling 7.3 Cr shares at a base price of INR 130 per share
ABLBL emerged after the vertical demerger of western wear brands within the Madura Fashion and Lifestyle’s business from ABFRL into a newly incorporated entity
It has lifestyle brands like Louis Philippe, Van Heusen, Allen Solly, Peter England and Simon Carter in its portfolio
Flipkart Investments, the…
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