• Welcome to OnlyTech Forums
    An online community for the tech enthusiasts!
    Log in or Register

Flipkart to acquire stakes of Aditya Birla Fashion

  • Thread starter iDJ
  • Start date
  • Replies: Replies 0
  • Views: Views 344

iDJ

Elite
Contributor
Joined
23 Aug 2018
Messages
18,614
Solutions
2
Reaction score
22,054
The board of Aditya Birla Fashion and Retail Limited today approved issuance of equity shares on a preferential basis to Flipkart Investments Private Limited aggregating to ₹1500 crore. The company has also entered into a commercial agreement in relation to the sale and distribution of various brands of the company.

Aditya Birla Fashion and Retail Limited said equity capital will be raised at ₹205 per share. Flipkart will own 7.8% equity stake in Aditya Birla Fashion and Retail Limited on a fully diluted basis.
 
Top Bottom
AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock