Other Deals - Listed Firms
Flipkart sells 6% stake in Aditya Birla Fashion and Retail for Rs 582-Cr
Flipkart Investments (investment arm of flipkart) has sold 6% stake in Aditya Birla Fashion & Retail for INR 582 crore through a secondary offer. Goldman Sachs is the sole bookrunner for the deal.Flipkart has completely sold its 7,31,70,000 shares at INR 79.50 per share, a 7.6% discounted price from the floor price of INR 86 per share.
In Oct 20, Flipkart Investments picked up a 7.8% stake in Aditya Birla Fashion and Retail Ltd for INR 1,500 crore. Under the deal, ABFRL had issued 7.3 crore shares at INR 205 apiece to Flipkart on a preferential basis.
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