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Flipkart sells ABFRL stake in ₹582-cr deal
Financial Express Chandigarh
|June 05, 2025
Walmart-owned Flipkart on Wednesday sold its entire 6% stake in Aditya Birla Fashion & Retail (ABFRL) in a ₹582-crore bulk deal.
Following the stake sale, shares of Aditya Birla Fashion & Retail (ABFRL) plunged 10.69% to close at ₹76.79 on the BSE. On the NSE, the scrip slumped 10.37% to ₹77.08.
Flipkart Investments had offered to sell its entire 73.17 million shares at a floor price of ₹79.50 per share, which was at a 7.5% discount to the last closing price of ₹85.98 on the BSE, according to a term sheet viewed by FE. Goldman Sachs was the sole book runner to the deal.
In the last few weeks, a number of promoters, private equity funds and large investors pared their stakes in companies, taking advantage of the rebound in the equity markets, experts said.
This story is from the June 05, 2025 edition of Financial Express Chandigarh.
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