Flipkart gets CCI nod to acquire 7.8% stake in Aditya Birla Fashion and Retail
Flipkart gets CCI nod to acquire 7.8% stake in Aditya Birla Fashion and Retail In October last year, Aditya Birla Fashion's board had approved plans to raise Rs 1,500 crore by issuing a 7.8 per cent stake on a preferential basis to Walmart-owned Flipkart Group BusinessToday.In | January 20, 2021 | Updated 22:30 IST Flipkart to acquire 7.8% stake in Aditya Birla Fashion The Competition Commission of India (CCI) on Wednesday approved Flipkart's minority stake buying in Aditya Birla Fashion and Retail Ltd (ABFRL). E-commerce major Flipkart had proposed to acquire 7.8 per cent stake in ABFRL, th...
Source: businesstoday.in