Flipkart exits Aditya Birla Lifestyle in Rs 998-cr bulk deal
Walmart-owned Flipkart on Monday sold its entire 6% shareholding in Aditya Birla Lifestyle (ABLBL) in a Rs 998-crore bulk deal. This is the second such exit by the company after its block deal of Rs 582 crore in June in Aditya Birla Fashion and Retail (ABFRL). Flipkart had received the shares in ABLBL following the latter’s demerger from ABFRL in June.
