Flipkart may exit Aditya Birla Fashion through ₹600 crore block deal

Walmart-owned e-commerce firm to offload remaining 6 per cent stake as part of strategic shift; Goldman Sachs managing the transaction

Walmart-owned Flipkart is preparing to divest its entire 6 per cent holding in Aditya Birla Fashion & Retail Ltd (ABFRL) through a block deal valued at around ₹600 crore, according to people familiar with the matter.

 

The transaction, if completed, would mark a full exit for the e-commerce major from the Indian fashion retailer.

 

ABFRL operates brands such as Pantaloons, Van Heusen, and Allen Solly.

 

The stake is held through Flipkart Investments Private Ltd, and Goldman Sachs is managing the proposed block trade, according to the sources.

 

“It was a pure business to business (B2B) play for Flipkart and this