Flipkart exits Aditya Birla Fashion and Retail in Rs 582 crore bulk deal; ABFRL stock tumbles 11%

Walmart-owned Flipkart on Wednesday is understood to have sold its entire 6% stake in Pantaloons owner Aditya Birla Fashion & Retail (ABFRL) in a Rs 582 crore bulk deal this morning. The Birla Group stock fell 11.49% to the day’s low at Rs 76.10 on BSE following the exit.