Aditya Birla Fashion to raise Rs 1,500 crore from Flipkart; stk jumps 6.5%
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Aditya Birla Fashion and Retail on Friday approved to raise Rs 1,500 crore by way of preferential issue to Flipkart Investments Private Limited, a foreign portfolio investor, the company said in an exchange filing. With this infusion, Flipkart Group will own 7.8% equity stake in ABFRL on a fully diluted basis.

Aditya Birla Fashion to raise Rs 1,500 crore from Flipkart; stk jumps 6.5%

Flipkart to acquire 7.8% stake in Aditya Birla Fashion

Flipkart beats Amazon to buy a 7.8% stake in Aditya Birla Fashion and Retail

Flipkart to buy 7.8% stake in ABFRL for Rs 1,500 crore; preferential allotment price set at Rs 205

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