Flipkart exits Aditya Birla Fashion in Rs 582-crore bulk deal
- Posted on June 4, 2025
- By Financial Express
- 2 Views
Flipkart exits Aditya Birla Fashion in Rs 582-crore bulk deal
Flipkart exits Aditya Birla Fashion & Retail, selling its entire 6% stake for Rs 582 crore in a bulk deal. ABFRL shares drop over 10%. The company eyes profitability by FY27 amid restructuring and planned Rs 500 crore capex to revive loss-making brands like TCNS, Tasva, and TMRW.
