InvestorQ : Why is Flipkart buying a stake in Aditya Birla Fashions?
Arya Nanda made post

Why is Flipkart buying a stake in Aditya Birla Fashions?

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Anjana Aiyar answered.
1 month ago
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Flipkart will buy a 7.8% stake in Aditya Birla Fashion of the AV Birla group for a consideration of Rs.1,500 crore. The deal is priced at Rs.205 per share. Aditya Birla Fashion will strengthen its balance sheet with the funds and quicken its growth path by scaling up existing lines.

Flipkart, combined with Myntra, already holds a prominent position in the online fashion market in India. This stake will push Flipkartā€™s position strongly in the fashion segment which it has identified as a major growth driven in the coming quarters.

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